Metalloinvest, a leading global iron ore and hot briquetted iron (HBI) producer based in Russia, has announced its operational results for the fourth quarter and the full year of 2016.
Accordingly, in the fourth quarter, Metalloinvest's iron ore production increased by 2.5 percent year on year to 10.34 million mt. Its iron ore shipments rose by 3.8 percent year on year in the same period to 2.78 million mt. In 2016, the company’s iron ore production rose by 3.1 percent to 40.69 million mt, while its iron ore shipments decreased by 0.4 percent to 10.73 million mt, both compared to the previous year.
Metalloinvest's pellet production and shipment volumes in the given quarter amounted to 6.34 million mt and 3.86 million mt, up 3.5 percent and down 2.7 percent respectively, both compared to the same quarter of the previous year. Meanwhile, in the whole year, the company’s pellet production increased by 5.9 percent year on year to 25.19 million mt, mainly due to the launch of pellet plant No. 3 at the Mikhailovsky GOK facilities, and its pellet shipments increased by 0.7 percent to 14.53 million mt compared to 2015.
In the fourth quarter, Metalloinvest's crude steel production went up by 6.6 percent to 1.22 million mt, while its pig iron output totaled 702,000 mt, up 12.7 percent, both year on year. Meanwhile, compared to the previous year, in 2016 the company’s crude steel production increased by 3.6 percent to 4.66 million mt, and its pig iron output expanded by 20.2 percent to 2.96 million mt, due to the launch of blast furnace No. 4 and pig iron casting machine No. 5 at the end of 2015.