Ukrainian mining and steel producing group Metinvest has announced that in the second quarter of the current year its crude steel production decreased by 10 percent quarter on quarter to 1.85 million mt. In addition, in the given quarter Metinvest also produced 6.96 million mt of iron ore concentrate, up four percent, and 654, 000 mt of coal concentrate, down 17 percent, both quarter on quarter.
In the January-June period, Metinvest's crude steel output amounted to 3.92 million mt, down six percent, while iron ore concentrate output declined by 14 percent to 13.64 million mt, both year on year. In the given period, Metinvest’s coal concentrate production decreased by eight percent to 1.44 million mt compared to the corresponding period of the previous year.
In the second quarter, the group's output of finished products went down by 12 percent to 1.4 million mt compared to the first quarter of the current year, while in the first half the finished steel output volume declined by seven percent year on year to 2.98 million mt.