In the 3rd quarter of 2018, as a result of scheduled overhauls at blast furnaces of the Mariupol metallurgical plants, pig iron production decreased by 9% compared to the previous quarter and amounted to 1,943 thousand tons. Shutdown for the repair of blast furnace No. 5 at MMK im. Ilyich (IMCI) for 35 days led to a decrease in production by 104 thousand tons. The stoppage for repairs of blast furnaces No. 5 and No. 4 at the Azovstal Iron and Steel Works (Azovstal) for 19 and 7 days, respectively, led to a decrease in production by 89 thousand tons.
Steel production in the 3rd quarter of 2018 decreased by 8% compared to the previous quarter – to 1,803 thousand tonnes – mainly due to a decrease in production at Azovstal by 171 thousand tonnes as a result of the shutdown of converters # 1 and # 2 to carry out planned major overhauls lasting 7 and 21 days in the 3rd quarter of this year.
For 9 months of 2018, compared to the same period in 2017, the production of pig iron at the Mariupol plants increased by 8% – to 6,234 thousand tons. The increase in pig iron production at MMKI and Azovstal by 289 and 158 thousand tons, respectively, was the result of stable supplies of raw materials, interruptions in which were observed in the same period last year, due to which the production of steel and commercial pig iron also increased.
The production of semi-finished products in the third quarter of this year decreased by 23% compared to the previous quarter and amounted to 661 thousand tons. The production of slabs and pig iron decreased by 112 and 84 thousand tonnes, respectively.
For 9 months of 2018 (compared to the same period in 2017), the production of semi-finished products increased by 18% – to 2305 thousand tons – due to an increase in the production of commercial pig iron and slabs by 203 and 153 thousand tons, respectively, against the background of a favorable market environment …
In the 3rd quarter of 2018, the production of finished goods remained at the level of the previous quarter and amounted to 1,453 thousand tons. For 9 months of 2018, the production of finished products increased by 6% compared to the same period in 2017 and amounted to 4,402 thousand tons.
The METINVEST Group is a vertically integrated group of mining and metallurgical companies that manages every link in the supply chain from mining to ore and coal processing and the production and sale of semi-finished and finished steel products. For the six months ended June 30, 2018, the Group had revenues of US $ 6.2 billion and an EBITDA margin of 22%.