In  the  first  nine  months  of  2001  the company has reached the set

targets:  all  in  all,  the  performance  during the period deserves a

positive evaluation.

In open-hearth process, steel output has exceeded the target, retaining

the   volumes   of   the   respective  period  in  the  previous  year.

Reinforcement  bar  output  has  increased  by 7.2% over the respective

period in 2000; wire output - by

22.6%; nail output - by 30%.

During  the  first  nine  months  of  the year the company has made net

profit of LVL

24.5 thousand on net sales of LVL 52.7 million.

The situation in the world steel markets is still tense. The company is

doing  its  best to improve the product quality and to expand the range

of products.

In September the company received reinforcement bar import permits from

Swedish,  Swiss  and  Portuguese  regulatory bodies, enabling "Liepājas

metalurgs"  to  expand its sales in Europe (in 1999, product compliance

certificates were received from Germany, Italy and United Kingdom).

In  2001  the  company  exported  reinforcement  bars to Canada, United

Kingdom, Germany, Finland, Hungary, Africa and Latin America.