OREANDA-NEWS. October 13, 2009. According the production plans of Ukrainian steelmakers coking coal deficit will be 3.3mn tons in September-December 2009. This statement was made by press service of Ministry of Industrial Policy of Ukraine. The biggest affect of this deficit will sense such companies as “ArcelorMittal Kryvyi Rih” < KSTL UZ N/R >,  “Mariupol Illich Steelworks” < MMKI UZ U/R >, “Dniprovskiy Steelworks” < DMKD UZ N/R > and “Zaporizhstal” < ZPST UZ N/R >.

As Millennium Capital wrote in previous news, the coking coal deficit, whish was forecasted by Ukrainian Coke Producers Association “Ukrkoks”, made 300-350ktons till end of the year. Millennium Capital explains the difference between these two numbers as a result of lagging of the coal miners in resumption of capacities which were suspended during demand decrease. This is NEGATIVE news for Ukrainian steelmakers, because they have to take in account not only demand for their products but also suppliers’ capabilities.

Millennium Capital is an integrated financial services provider. Established in 2000 by a group of professionals with solid background in securities and corporate finance, Millennium Capital is now one of tickets selling for its flights due to high arrearage to the creditors of the company.