November 20, 2008

Petrovskiy SW to Commission BF No 2 in July

According to Metal Courier, Petrovskiy Steelwork DMZP UZ N/R plans to commission blast furnace No 2 on July 25th 2008.

The BF ended a 45 day overhaul that was aimed at its reconstruction without capacity changes.

Millennium Capital analyst said that “In December 2007 DMZP announced its production targets of 1.28 million tonnes of steel in 2008. This translates into roughly 1.2 million tonnes of rolled steel down by 5.3% YoY. Our 2008 rolled steel output expectations which are based on H1 2008 production dynamics and announced modernization plans are close to the management plans.”

(Sourced Millennium Capital)