KIEV, Jan. 10 - Ukrainian steelmakers saw better results in 2007 due to an increase in the transparency of their managing structures, a rise in production and increases in the world price of steel, according to a review by Kiev-based Dragon Capital.

"Ukrainian steel companies reported much better performance over the first nine months of 2007 thanks to improved financial disclosure and higher steel prices. At the same time, steelmakers benefited from relatively stable input costs in Q2-Q3 2007 as steel prices rose 20-35% year-on-year over the period," Ivan Kharchuk, the Dragon Capital analyst, said.