Metinvest increased steel production by 4%

Metinvest, the largest Ukrainian mining and metallurgical holding, in January-September this year increased steel production by 4% compared to the same period last year – up to 6.151 million tons, pig iron by 5%, up to 6.371 million tons , but reduced the total coke production – by 1%, to 3.583 million tons.

According to the press release of the parent company Metinvest B.V. on operating results for 9 months. 2020 on Tuesday, the group in the 3rd quarter of 2020 increased pig iron production by 17% compared to the previous quarter – up to 2.305 million tons thanks to the launch of two blast furnaces at the Mariupol plants in May due to the recovery in market demand.

So, as a result, the production of pig iron at Azovstal increased by 186 thousand tons, at MMK im. Ilyich – by 143 thousand tons. Steel production in Q3 2020 increased by 22% qoq to 2.188 million tonnes due to increased pig iron production at both mills.

Nine months 2020 yoy During the period of 2019, pig iron production increased by 5% due to an increase in production at Azovstal by 226 thousand tons as a result of the launch of high-performance blast furnace No. 3 after overhaul with modernization in June 2019. In addition, the production of pig iron at MMK increased by 104 thousand tons, mainly due to the stoppage of the DP-5 for repairs in May-July 2019.

Steel production in nine months increased by 4%, mainly due to an increase in production at MMK by 168 thousand tons due to the redistribution of pig iron in favor of steel production and the launch of new equipment. The increase in production at Azovstal by 78 thousand tons was caused by an increase in pig iron production.

In the third quarter of 2020, the production of semi-finished products increased by 11% compared to the previous quarter – to 980 thousand tons due to an increase production of commodity slabs by 152 thousand tonnes due to recovery in market demand. At the same time, the production of commercial pig iron decreased by 52 thousand tons, mainly as a result of the redirection of liquid pig iron for steel production and subsequent processing.

In the first nine months of 2020, the production of commercial semi-finished products increased by 11% to 2.497 million tons – mainly due to an increase in the production of commercial slabs at the Mariupol mills by 247 thousand tons due to the launch of a new continuous casting machine No. 4 at MMK and the presence of demand. In the third quarter of 2020, finished product output increased by 15% compared to the previous quarter – up to 1.488 million tons – due to an increase in the order book.

Thus, the production of flat products increased by 66 thousand tons – up to 1.171 million tonnes – mainly due to the recovery in demand for hot-rolled plates and galvanized coils, production of long products increased by 87 thousand tons – up to 242 thousand tons, production of rail products increased by 28 thousand tons – up to 34 thousand tons – on the back of demand from the Ukrainian railways. The output of tubular products increased by 13 thousand tons – to 41 thousand tons.

In the first nine months of 2020, the production of finished products decreased by 2%, to 4.350 million tons. Namely: the production of flat-rolled products decreased by 162 thousand tonnes to 3.562 million tonnes – mainly due to a decrease in hot-rolled plate production, which was partially offset by an increase in hot-rolled coil production due to the launch of mill 1700 at MMK after reconstruction and the presence of stable market demand for this product. Also, the production of long products increased by 50 thousand tons – up to 627 thousand tons, the production of rail products increased by 22 thousand tons – up to 50 thousand tons, the output of tubular products decreased by 15 thousand tons – to 111 thousand tons.

In the third quarter of 2020, coke production amounted to 1.211 million tons, which is 3% lower than in the previous quarter, mainly due to a decrease in production at the Avdeevsky coke plant. For nine months of 2020, coke production decreased by 1% to 3.583 million tons as a result of a decrease in the average number of coke ovens used at AKHZ, which was partially offset by the consolidation of production volumes of the Dnieper Coke Plant from the 2nd quarter of 2020.

As reported, Metinvest increased steel production in 2019 by 3% compared to 2018 to 7.578 million tonnes, while reducing pig iron production by 3% to 7.928 million tonnes, and total coke production by 11% , up to 4.667 million tonnes.

Metinvest is a vertically integrated mining group of companies that manages assets at every link in the production chain from iron ore and coal mining and coke production to the production of semi-finished products and final products from steel, rolled pipes and coils , as well as the production of other products with high added value. The group consists of mining and metallurgical enterprises located in Ukraine, Europe and

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