Azovstal shows weaker production performance in 2019

Friday, 03 January 2020 17:13:40 (GMT+3)   |   Istanbul
       

Integrated mill Azovstal, owned by Ukraine-headquartered Metinvest group, has shown worse production results in 2019, according to local sources. However, by the end of the year the dynamics have been positive overall.

In 2019, the company’s crude steel production shrunk by 1.6 percent year on year to 4 million mt, while the pig iron output decreased by 6.3 percent to 3.47 million mt, the preliminary operational data show. In the meantime, Azovstal’s finished steel production declined by 3.2 percent year on year in 2019 to 3.75 million mt.

In December, however, Azovstal managed to improve its results as compared to November. In particular, the company’s crude steel and pig iron production increased by 2.7 percent and 25 percent, respectively, to 303,000 mt and 316,000 mt, SteelOrbis has learned. In addition, in the last month of the year Azovstal produced 278,000 mt of finished steel, up 14 percent compared to November.


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