In the 4 th quarter of 2009, Mechel cut coal production by 4% to 5.434 million tons

Written by admin on March 8th, 2010

In the 4 th quarter of 2009 compared to the same period of 2008, Mechel cut coal production by 4% to 5.434 million tons, the company reported. Production of nickel increased by 112% to 4,2 thousand tons, the production of rolled products - 36% to 1.465 million tons, steel production - by 31% to 1.524 million tons.

Concentrate
Product 2009 tonnes 4 Q. . 2009 tonnes 3 quarter. 2009 tonnes 4 square. to 3 square. 2009 in% 4 square. 2009 4 sq. 2008, in%
Coal 17 782 5 434 5 445 -0,2 -4
Coking 10 243 3 754 3 741 0,4 37
Energy 7 539 1 680 1 704 -1 -43
coal * 9 292 2 915 3 048 -4 11
Coking 7 404 2 524 2 595 -3 42
Energy 1 888 392 453 -13 -54
Iron ore concentrate 4 208 1 038 1 216 -15 -4
concentrate chrome ore 211 72 75 -3 N /A
Nickel 16 4,2 4,3 -2 112
Ferrosilicon (65% and 75%) 86 23 22 4 35
Ferrochrome (65%) 83 29,9 29,2 2 199
Hardware 627 167 183 -9 45
Forgings 49 15 11 33 31
Stampings 61 19 16 21 25
rental 5 357 1 465 1 457 0,5 36
Rolled sheets 345 105 91 15 118
Profiled iron 3 099 803 812 -1 27
Billets 1 913 558 554 0,6 40
Steel 5 496 1 524 1 478 3 31
Iron 3 805 1 080 1 074 0,5 50
Cox (6%) 3 233 990 977 1,3 58
Electricity (thousand kWh) 3 487 720 1 203 411 710 804 69 23

"If we compare the 4 quarter of 2008, which was the peak of the crisis, and 4 quarter of 2009, the dynamics of our out of the crisis became evident," - says senior vice president of Mechel OAO Vladimir Polin. For example, the company increased production of coking coal concentrate at 42%, nickel by 112%, ferrochrome to 199%, steel by 31% to 58% of coke, rolled to 36%, metal products by 45% and electricity by 23%.

"Today, we are still seeing a steady growth in demand for many of our products," - he said. Thus, in the steel segment, "Mechel" in the fourth quarter was an increase in output of coke, pig iron, steel, rolled products, as well as forged and extruded products. In general, the Steel Division can talk about achieving 100% capacity utilization (compared to pre-crisis level). Some businesses, such as Chelyabinsk Metallurgical Plant, currently produce more output than before the crisis. Also, our steel plants have mastered the production of new types of products demanded by the market.

In ferroalloy segment significantly increased the production of ferrosilicon and ferrochrome. All Ferroalloys Group now fully secured orders and working with a full load. Click to continue »

 

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On Monday morning prices on the London Metal Exchange are stable

Written by admin on March 8th, 2010

global equity markets
Last week confirmed the dominance of the markets currently advocates a cautious investment tactics, preferring for the time out of much more expensive over the past year, shares and commodity assets, at least until the world economic outlook has become more defined. Even the paper is very positive statistics in conjunction with encouraging speeches of representatives of the United States authorities were not able to return the market to the path of sustained recovery. The resulting short bursts of buying activity invariably ended with profit-taking and the continuation of the fall.

released on Friday, according to preliminary data, GDP growth in the U.S. 4 th quarter of 2009 surpassed the most optimistic expectations of U.S. experts and was 5,7% (to level 4 quarters of 2008) against the market consensus forecast of 4.8%. Index of personal consumption of citizens for the same period increased by 2% compared with the forecasted 1.8%.

Completion of the trading session on Friday in the United States marked the decline of the major stock indexes on 0,5% -1,5%. At the same time, European platforms, managed against a background of strong output of financial statements and statistic data from the U.S. to stay in positive territory.

The week started a corrective mood of investors commodity and stock markets are likely to continue. At the same time as last week, a series of expected news will be able to interrupt it for a while: in the United States will be published a lot of interesting statistics, foremost among which will be the January statistics on the labor market to spiral on Friday, the Bank of England and the ECB will hold meetings on Thursday, the outcome of which will be voiced interest rates and plans for further monetary policy in the regions.

On Monday, U.S. President Barack Obama will report on the country"s budget for 2011 fiscal year, will be sounded at the same time reducing the prospects of the budget deficit over the next few years. Click to continue »

 

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Entry into force of the treaty on the transfer of banking data to the U.S. authorities

Written by admin on March 7th, 2010

Monday, February 1, entered into force on the controversial agreement between the EU and the United States, under which the U.S. authorities to combat terrorism once again have access to information on millions of banking transactions made through the firm to provide financial services to SWIFT, with headquarters in Belgium.

term of the contract - only 9 months. A further period is expected to conclude a lasting agreement. However, it is clear that the deputies of the European Parliament at the meeting on Feb. 10 will try to reject the treaty. They believe that this document violates the law on the protection of private data, as well as their own rights. The agency AFP says that, in accordance with the Lisbon Treaty on reforming the EU MEPs have every right to participate in making such decisions.

future EU Commissioner for Justice, Viviane Reding has expressed doubts that an agreement on SWIFT is necessary or effective measure to combat terrorism. Click to continue »

 

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OL initiates an extraordinary session of parliament on February 3 this year

Written by admin on March 7th, 2010

Party of Regions (PR) recorded 150 signatures of People"s Deputy and a draft resolution for an extraordinary session of the Verkhovna Rada on February 3 to review the law on amending the law on presidential elections. This information was confirmed by MP from PR Vladislav Lukyanov.

"In fact, such a meeting will take place, because we believe that the adoption of the law on presidential elections is important and necessary," - he said.

Earlier today, Deputy Chairman of the BYuT faction Andrey Kozhemyakin said that OS has registered a resolution to hold an extraordinary meeting of parliament on February 3 this year

In turn, the speaker Volodymyr Lytvyn BP did not exclude the possibility of holding an extraordinary session of parliament before the end of the week with a view to making changes to the law on presidential elections in Ukraine.

In accordance with the schedule of BP on Feb. 3 provides work in committees and factions.

Recall January 28 this year BP has supported the first reading of the bill № 6004 "On Amendments to the Law of Ukraine" On elections of President of Ukraine "(concerning the organization of the electoral commissions)." The draft law proposed by the First Vice President, Party of Regions MP Oleksandr Lavrynovych, 226 deputies voted in favor (OL - 172, BYuT - 0, the OU-PSD - 25, CPU - 27, Lytvyn bloc - 0, non-factionalism - 2) of the 415 registered in the hall. Click to continue »

 

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AMC investigating unjustified increase in prices for light petroleum products

Written by admin on March 6th, 2010

Antimonopoly Committee of Ukraine has decided to prosecute and conduct an investigation in connection with the unjustified rise in prices for gasoline and diesel in January this year, the IMC said the press-service agencies.

According to Acting Committee Chairman Alexander Melnichenko, a decision was taken on the preliminary analysis of the situation on the markets of petroleum products nationwide. He informed that he had charged to investigate and determine how such an increase in prices for petroleum operators, that is the case, is justified.

According to A. Melnichenko, during January, world prices for gasoline and diesel fuel, particularly in European markets grew by 8% and 7% respectively. In Ukraine, meanwhile wholesale prices for high-octane gasoline rose by 9.1% on low-octane - by 10,5%, diesel fuel - by 6.2%, while retail prices - 11%, 12% and 14% respectively. Click to continue »

 

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Forex Asia

Written by admin on March 6th, 2010

index of the Tokyo Stock Exchange Nikkei (Nikkei) has grown by 6.98 points (0.07%) and closed at 10205.02. Yield of 10-year Japanese government bonds is 1.330 (increased from the previous closing on 0.015). Index of the Hong Kong Stock Exchange Haeng Seng (Hang Seng) fell 21.78 points (-0.11%) and is located at 20100.21.

the Asian session, a decrease in the willingness of investors to take risks. Consequently, the pressure proved courses riskier instruments. In the forex market has information on that UK regulators may forbid investors to execute transactions in which loans are taken currencies with lower interest rate, such as the yen or the dollar, and bought for them witha high exchange rate, such as the Australian and New Zealand dollar .

As a consequence, the market experienced the closure of long positions in these instruments. Pressure on the Australian dollar has also reduced the probability of increasing the basic interest rate in Australia this week.

This week, investors" attention will be directed to the meetings of central banks in the eurozone, Britain and Australia. An important event called the next day"s speech team member of U.S. President Obama Volcker in the U.S. Senate, during which he will present the management plans to the White House to reform the banks.

on Friday will be published survey data of the labor market in the U.S.. Expected to increase in the number of jobs.

Today is scheduled for release the following data:

at 07:45 GMT - index of industrial prices (PPI) in France in December (forecast 0.1% for the month, -3.0% for the year, the previous value of 0.2% for the month, -4.5% per year);

at 08:45 GMT - business activity index (PMI index) in Italy in January (the previous value of 50.8);

at 08:50 GMT - business activity index (PMI index) in France in January (54.7 forecast, the previous value of 54.7);

at 08:55 GMT - business activity index (PMI index) in Germany in January (53.4 forecast, the previous value of 52.7);

at 09:00 GMT - business activity index (PMI index) in Europe (16) January (forecast 52.0, the previous value of 51.6);

at 09:30 GMT - an index of business activity (CIPS manufacturing index) in the UK in January (forecast 54.0, the previous value of 54.1);

at 09:30 GMT - consumer credit (Consumer credit) in billions of pounds in the UK in December (forecast -0.50, the previous value of -0.38);

at 13:30 GMT - an index of personal income (Personal income) in the U.S. Click to continue »

 

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Higher global inflation and investment risks continue to limit the possibility of growth of quotations, including index MICEX

Written by admin on March 6th, 2010

MICEX by 12:00 Moscow time decreased by 0.95% to 1,405.92 points.

better market, traditionally for a period of decline in investment activity last quarter, now look paper "telecom". Ordinary shares of North-West Telecom, preferred and common stock Volgatelekoma and Uralsvyazinform, added the morning of 4,33%, 3,89%, 3,28%, 3,02% and 2,9%.

On Friday, federal media published information that the management of telecommunications holding Svyazinvest in early February 2010 for the first time to discuss the methodology of calculation of exchange of shares of Rostelecom shares of interregional communication companies within the holding.

The worst of the market - possibly under the influence of technical factors - are traded actively cherish last week of paper MRSC of North Caucasus. Their value has fallen after the opening session at 4.20%.

Share Price PIC developers and RTM seems to act out again, released last week about the beginning of the arbitration proceedings at the suit of the Savings Bank to recover with "RTM" and OOO "RTM Lipetsk" to 1,313 billion rubles.

rise in global inflation and investment risks continue to limit the possibility of growth of quotations, including index MICEX from the perspective of the next few weeks.

In the short run, however, information on the planned U.S. leadership on fiscal measures supporting the economy may provide some restoration of purchases on domestic and global equity segment.

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European stock markets finished the day in positive territory

Written by admin on March 5th, 2010

European stock markets finished the day in positive territory. Macroeconomic data for the whole region have been mixed, so the index of consumer confidence in Britain has shown positive dynamics. At the same time, data on unemployment while being slightly better predictive values, but in general remain at a fairly high level. Statistic data from the United States destroyed the beginnings of the negative, allowing markets to end the day in positive territory. Moreover, their contribution has made an impressive record company Infineon Technologies, as well as the optimistic forecasts BMW and Henkel. Supported by mining stocks and energy companies, commodity platforms.

Meanwhile, the American share platforms were unable to remain in positive zone on the basis of the day. Investors initially was encouraged by the strong statistic data, in further preferred to be fixed. The reason for this was weak results and disappointing forecasts. Disappointed bidders with the results, companies such as Chevron and Sandisk Corp. Click to continue »

 

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Another drop in oil prices once agad0cin is the main negative for the shares of Rosneft, Lukoil, Tatneft

Written by admin on March 5th, 2010

Stock Indexes U.S. and China try their levels of support. Russia and Brazil are trying to hold on despite the overall negative

set of more than optimistic macroeconomic statistics, released on Friday evening, could not cheer up markets. Sales continued. If you prefer to dispose of securities, even against the backdrop of good news, what are waiting for the news background is not so blissful? We continue to look down on the market, and recommend to refrain from purchasing shares of commodity companies.

Another drop in oil prices (futures for Brent during the U.S. trading session, left at 2% below the levels that were at the close of trading in Russia) again is the main negative for the shares of Rosneft, Lukoil, Tatneft. Perhaps the publication of today"s reporting Rosneft for 2009 g also not be able to reverse the negative trends in the market shares of state-owned company, which began with the Finance Ministry proposal to restore the export duties for East Siberian oil fields. If something is and should pay attention to customers in our market at a time when S P500 index has struck a 100-day moving average, and the Shanghai Composite has fallen off below the 200-day, it shares VTB which is not the first day of demonstrating the dynamics of the market better.

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On Friday, the U.S. stock market dominated by pessimism

Written by admin on March 5th, 2010

On Friday, the U.S. stock market dominated by pessimism, despite upbeat GDP data for the 4 quarter.
So GDP in the fourth quarter totaled 5.7% against the forecast 4.7%, however, in general, due to higher stocks in warehouses in the hope of further sale.
also worth noting that in January 2010 was closed in the red, and the first 5-Th trading sessions in positive territory, thereby repeating the situation in 2009. Who will win this year?

At the end of the trading session U.S. stock indices closed in the red /Dow Jones -0.52%, S P500 -0.98%, NASDAQ -1.45% /.

From a technical point of view, on Friday the Dow Jones index at the beginning of the trading session tested the upper limit of downward flag, after which the index set a new local minimum of 10044.66 points in the formation of the 5th wave. The lower boundary of the flag in the area of 10060 points and was able to provide good support. A weekly schedule is closed in favor of "bears", and a month - falling star, which in February to confirm. This week, after the formation of the 5th wave is allowed correction of the fall and rebound against the euro bucks, where the maximum to reduce the under 1-second pulse appears mark 1.3645-1.3650 and 1.385.

remind that the Dow Jones index form 5 wave decline down in the 1-second pulse. After his graduation bulls will be adjusted every drop of 23.6% -50% of Fibonacci. To do this, "bykam" should pierce 10238 points and 10044 to keep the item.

At the same time on the MACD indicator is a triple "bullish" divergence, it is therefore likely that in the 5th wave, bounce protection could be the 2nd subvolnoy, then began on 3-th subvolna to 9940 points, but while this option is unlikely need a smashing figure.

Today, the level of resistance for the market participants will mark 10220 and 10270 points and 10315 points. Click to continue »

 

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