Metinvest’s crude steel output down 38 percent in 2018

Wednesday, 06 February 2019 15:07:35 (GMT+3)   |   Istanbul
       

Ukrainian mining and steel producing group Metinvest has announced that in the fourth quarter of 2018 its crude steel production decreased by four percent quarter on quarter to 1.72 million mt, mainly due to its subsidiary Azovstal reducing output by 15 percent in the given quarter. In addition, in the fourth quarter Metinvest also produced 6.81 million mt of iron ore concentrate, up four percent compared to the previous quarter. In the same quarter, the coal concentrate production of Metinvest increased by 12 percent quarter on quarter to 709,000 mt.

In 2018, Metinvest's crude steel output amounted to 7.32 million mt, down 38 percent, while iron ore concentrate output remained stable at 27.35 million mt, both year on year. In the same year, Metinvest’s coal concentrate production increased by nine percent to 2.69 million mt compared to the previous year.

In the fourth quarter, the group's output of finished products decreased by six percent to 1.37 million mt compared to the third quarter, while in 2018 the finished steel output volume increased by three percent year on year to 5.77 million mt.


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