Azovstal

Azovstal is one of three largest steelmakers in Ukraine. Its capacities allow to
produce almost 6 mn tonnes of iron, over 7 mn tonnes of steel and 4.5 mn tonnes
of rolled products a year.

In October, the steel output of the company shrank 29% vs. October 2007, while
the other largest steel companies’ output fell more than twofold.
Meanwhile, in January-October, the steel output fell by just 3%, and in
September-October the company by its output took the first place in the country.
Besides, the fact that the company paid out dividends in amount of UAH 1.3 bn
evidences that its financial position is stable.