Metinvest’s Bulgaria-based Promet Steel sees record output in 2020

Monday, 22 February 2021 17:49:19 (GMT+3)   |   Istanbul
       

Ukrainian mining and steel producing group Metinvest has announced that its subsidiary Bulgaria-based Promet Steel managed to increase its finished steel output noticeably in 2020, despite the deteriorating market conditions.

Accordingly, in 2020 the company produced 501,000 of longs, exceeding its target by nine percent and, concurrently, setting a new annual production record. Meanwhile, the company’s shipments amounted to 495,000 mt of longs, with Romania taking a leading position among the main destinations for Promet Steel’s steel products. 


Most Recent Related Articles

IREPAS upbeat on global longs market

German rebar prices decline, but set to rebound amid positive outlook

Turkey’s Kaptan to expand product portfolio with new wire rod mill

Bulgarian longs prices pulled down by low demand

IREPAS: 2021 very likely to be a year of rebound