1. www.metalexpert-group.com Reasons for price growth in the world market and prospects for their correction /the long product market/ Alexander Markov Chief Analyst Metal Expert CIS Steel in the World Markets 11-13 April 2007, Kiev, Ukraine

2. www.metalexpert-group.com Growth factors Supply decrease: China: uncertainty as to export taxes Russia: scrap exports decrease – fundamental change Brazil: seasonal cut in pig iron production EU: seasonal cutback in steel output USA: lingering low utilization of production capacities Other market factors set up by sellers Demand increase: Relatively mild winter Inertia of the growing market Inflation Growing prices in the real estate market SUPPLYDEMAND< Average world prices, fobJan 06Apr 07changeJul 08 Steel scrap170-190330-3401.9 times230-250 Square billet280-320490-5601.7 times370-400

3. www.metalexpert-group.com Growth factors China: Net export of steel products and semi-finished products

4. www.metalexpert-group.com Growth factors Russia: Scrap collection and distribution

5. www.metalexpert-group.com Growth factors Brazil: Pig iron production

6. www.metalexpert-group.com Growth factors EU-15: Average daily steel production

7. www.metalexpert-group.com Growth factors US: raw steel production

8. www.metalexpert-group.com Real estate prices USA and Russia: price dynamics in comparison USA: Median Price of Houses Sold including Land Price

9. www.metalexpert-group.com Steel prices Steel scrapBillet

10. www.metalexpert-group.com Steel prices Steel scrapBillet

11. www.metalexpert-group.com Thank you for your attention e-mail: a.markov@metalcourier.com CIS Steel in the World Markets 11-13 April 2007, Kiev, Ukraine