Ukrainian mining and steel producing group Metinvest has announced its operational results for the first half of the current year.
Accordingly, in the first half of this year, Metinvest’s total output of pig iron decreased by 59.2 percent year on year to 918,000 mt, amid the shutdown of the Mariupol steelworks since the end of February 2022, as well as operating with two blast furnaces instead of three at Kamet Steel.
In the first half, Metinvest’s crude steel output totaled 1.03 million mt, decreasing by 57.2 percent year on year.
In the given half, Metinvest’s production of merchant semi-finished products amounted to 498,000 mt, decreasing by 35.4 percent year on year, while its production of finished steel fell by 39 percent year on year to 1.15 million mt. In particular, its flats production decreased by 702,000 mt year on year to 579,00 mt, while its longs production decreased by one percent year on year to 569,000 mt.
In the mining sector, Metinvest’s total iron ore concentrate output fell by 46.1 percent compared to the same period of the previous year to 4.74 million mt. The group’s output of merchant iron ore products fell by 35.1 percent year on year to 4.04 million mt, while the output of iron ore pellets increased by 37.3 percent year on year to 2.55 million mt in the given quarter.
Metinvest’s coking coal concentrate output in the first half this year rose by 25.2 percent year on year to 3.04 million mt, due to greater production at the Ukrainian and US mines.
