OREANDA-NEWS. October 14, 2009. Canadian authorities decided to cut antidumping duty for Ukrainian rolled metal in 3 times after completion of the antidumping investigation. The duty for the rolled metal produced by Azovstal < AZST UZ U/R > will be set at 14.7% and the duty for other Ukrainian steelmakers' products (the other Ukrainian rolled metal supplier on the Canadian market is Mariupol Illich Steelworks < MMKI UZ N/R >) at 20.2%. Despite the fact that prices for Ukrainian rolled metal were recognized as market based, the duties were not cancelled but only reduced to protect domestic producers. The prices for Ukrainian import and domestic rolled metal are the same now.

Millennium Capital: this is POSITIVE news for AZST and MMKI even if the Canadian market is not a base market for both of the Ukrainian steelmakers. Millennium Capital sees good prospects for them on the North American market once demand picks up.

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.