Ukrainian mining and steel producing group Metinvest has announced that in 2014 its crude steel production decreased by 26 percent to 9.205 million mt compared to 12.391 million mt in 2013. In addition, in 2014 Metinvest also produced 34.888 million mt of iron ore concentrate, down six percent year on year. In 2014, the coal concentrate production of Metinvest decreased by 26 percent year on year to 4.098 million mt.
In the fourth quarter last year, Metinvest's output of hot metal increased by nine percent quarter on quarter to 1.803 million mt due to the resumption of production at Yenakiieve Steel on October 21, following the complete shutdown on August 13, and the restoration of maximum supplies of raw materials to Azovstal and Ilyich Steel.
In the given quarter, the group's output of crude steel increased by one percent quarter on quarter to 1.750 million mt.