OREANDA-NEWS. June 02, 2011. Enakievo Steelworks plans to carry out a major overhaul of its BOF #2 that could last up to two months. The  works will supposedly start mid-Jun, reported the press-centre of Millennium Capital.

The news is NEGATIVE for ENMZ, as the plant will lose ~20% of a quarterly steel output (150 kt) which should adversely affect its 3Q11 revenues.

The revenue loss due to repairs may seriously hamper the traceability of potential MMZ lease benefit which we previously expected to track from the 3Q11 print.