Ukrainian mining and steel producing group Metinvest has announced that in the third quarter of the current year its crude steel production decreased by two percent quarter on quarter to 2.14 million mt, mainly due to Azovstal reducing output by 77,000 mt, driven by lower hot metal output. In addition, in the given quarter Metinvest also produced 7.13 million mt of iron ore concentrate, down 10 percent compared to the previous quarter. In the third quarter, the coal concentrate production of Metinvest decreased by five percent quarter on quarter to 739,000 mt.
In the January-September period, Metinvest's crude steel output amounted to 6.33 million mt, up six percent, while iron ore concentrate output declined by four percent to 22.9 million mt, both year on year. In the given period, Metinvest’s coal concentrate production decreased by seven percent to 2.32 million mt compared to the corresponding period of the previous year.
In the third quarter, the group's output of finished products decreased by three percent to 1.65 million mt compared to the second quarter of the current year, while in the first nine months the finished steel output volume declined by 10 percent year on year to 4.86 million mt.