OREANDA-NEWS. October 15, 2009. The coke deficit was about 330ktons during the previous two months period. According to some forecasts, it will be about 70ktonns in November and December. These numbers were voiced at the meeting of mining and smelting enterprises representatives in Dnipropetrovsk on 14 October 2009. As result of the 400ktonns coke deficit, steelmakers have to adjust their production plans accordingly. Pig iron output will be reduced by 230-270ktons and volumes of steel and rolled steel output will be cut accordingly, too. According the available forecasts, the coke deficit trend may well spill over into 2010 with high probability.

Millennium Capital: this is NEGATIVE news for Ukrainian steelmakers because the current coke deficit may cause output lag behind once the demand for metals recover. Moreover, this will also mean a drop in steelmakers’ profitability due to the coke price hikes because of the deficit and due to coke and coke coal imports.

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