Ukrainian Ferroalloy

Concorde Capital, February 2007, Pages: 29

In our view, Ukrainian ferroalloy names remain unduly overlooked by the market lagging the performance of the metals & mining sector. We see the stocks as an opportunity to diversify from heating up steel, while staying within the sector. Improving transp

TABLE OF CONTENTS

1. Investment Case

2. Operating Performance in 10M06
Production
Ukrainian Export4
Product Mix Transition

3. Ferroalloy Market Outlook
Global Demand To Rise Driven by Steel Expansion
Ukrainian Consumption Estimated To Grow xx% by 2010

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