Metinvest sees 32 percent rise in 2010 steel output after July merger with Ilyich

Tuesday, 11 January 2011 12:14:16 (GMT+3)   |  
       

The Ukrainian mining and steel producing group Metinvest has announced that in 2010, following the merger with Ilyich Iron and Steel Works and the integration of Makiivka Steel Works into the group, it saw its crude steel production increase by 32 percent to 9.266 million mt compared to 7.03 million mt produced in 2009, while its rolled steel products output went up by 31.3 percent to 8.6 million mt from 6.54 million mt in 2009. In addition, in 2010, Metinvest also produced 8.01 million mt of pig iron - up 30.8 percent year on year.

In particular, in 2010, Metinvest's steelmaking subsidiary Azovstal's crude steel output rose by 22.8 percent to 5.7 million mt, its pig iron production increased by 23.5 percent to 4.962 million mt and its rolled steel production climbed up by 23.3 percent to 5.287 million mt, all compared to 2009.

Ilyich's rolled steel product output in 2010 went up by 27.2 percent to 3.367 million mt, its pig iron production increased by 31.1 percent to 4.73 million mt, while its crude steel output went up by 32 percent to 5.652 million mt, all compared to 2009.

In addition, in 2010, the pig iron production of Metinvest's Yenakievo Iron and Steel Works rose by 2.7 percent to 2.163 million mt and its rolled steel output climbed up six percent to 2.4 million mt, both compared with 2009. Meanwhile, the plant's crude steel production went up by 4.7 percent year on year to 2.5 million mt.

Meanwhile, the output of rolled products at Metinvest's Makiivka Steel in 2010 increased by 41.1 percent year on year to 1.2 million mt.


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