Friday, September 3, 2010

Asha MOH plans to complete the modernization of steel capacity and begin to hot testing of new equipment

Wednesday, March 3, 2010, 17:27
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Deputy Prime Minister Igor Sechin, has instructed the Ministry of Energy, the System Operator and FSK elaborate on the inclusion of the first to unit Sayano-Shushenskaya HPP in Basic mode. “We believe that uttered by commission vice-premier shows your hard work to restore control to the Sayan-Shushenskaya hydroelectric power station on the governmental level. This increases the likelihood of implementation of its earlier plans, under which in the first quarter of 2010 is planned to connect the fifth and sixth hydraulic units. Connection restored hydropower will reduce the financial burden on RusHydro, as well as reduce the technical risks associated with nonstandard work station “, - the analyst Finam Denis Kruglov.

Gazprom announced a settlement with Poland on the supply and transit of natural gas. Gazprom agreed to increase gas supplies to Poland from 9 to 11 billion cubic meters. m. per year. The Polish side, in turn, will write off debts to Gazprom, the size of which is not disclosed, but according to some sources, may reach $ 350 million volume of gas transit through Poland is about 30 billion cubic meters. m. per year. “For Gazprom, the settlement of the conflict was a strategically important task, since there was a probability of events in the Ukrainian scenario in January 2009. As in the case of Ukraine, in our view, it is Gazprom was forced to make greater concessions than the Polish side. Although it is not very favorable terms of the agreement with Poland, eliminating the risk of disruption in transit, in our opinion, is more important achievement, “- commented an analyst at the investment company” Finam “Alexander Eremin.

President of Sberbank Gref said thatit is time to privatize state-owned banks. He suggested to begin the process of privatization of the Savings Bank. Finance Minister Alexei Kudrin believes that the time of privatization has not yet come, and it should start with VTB. “We have a positive attitude towards privatization of the Savings Bank, as it will relieve him of much of the social functions that lead to increased income of the bank. In addition, the placement of the Savings Bank will increase investor interest in them, which will reflect positively on their quoted market prices. It Nevertheless, we believe that the state will not sell a controlling stake in Sberbank in the foreseeable future, as many system-state-owned companies in need of a major state bank, which could carry out lending to non-market conditions “- sure, Konstantin Romanov of” Finam “.

Asha MOH plans to complete the modernization of steel capacity and begin to hot testing of new equipment the total capacity of 1 million tons of steel per year. Decommissioning of obsolete open-hearth furnace is scheduled for the second half of 2010. “The replacement of equipment should have a positive impact on production efficiency and profitability of the company. Be subjected to significant changes in the structure of consumption of metallurgical raw materials - in particular, will multiply the consumption of scrap from the current 40-45 tons per month to 100 tonnes by the end of the year. We commend the completion of the modernization process Asha MH, and believe that it will positively affect both the volume of production and financial results of the company, “- analyst predicts” Finam “Vladimir Sergievsky.


More information on these and other analysts” comments Finam you can refer to the section “Investments”

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Forex on the European session
Bounce up, which enabled Russia to complete the auction index on Friday in the Green Zone, and may continue next week
As leaders of growth on the basis of the day were shares of “Gazprom” and “InterRAO”, adding more than 2%
Status of Russia”s total oversold market buyers returned to the bourses
At mid-day trading took place in the red zone in small volumes, but after the release of data on U.S. GDP Russia”s market has grown and left in plus
In 2009, the S7 Group ranked second in Russia by the number of passengers
Igor Sechin: The fifth and sixth hydroeld26ectric SSHGES will be launched in the 1 st quarter, their training is in full mode
Viktor Yanukovych intends to offer Russia, Europe and Ukraine to create a gas transportation consortium
USA: GDP growth is not even helped to support a full-fledged rally

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