Russian pig iron and coking coal producer Industrial Metallurgical Holding (KOKS Group) has announced its operational results for the first half of the current year.
Accordingly, IMH (KOKS Group) produced 1.06 million mt of pig iron in the first half of this year, decreasing by three percent year on year.
In the first six months, the company's coal output increased by 18 percent compared to the first half of 2014 to 1.07 million mt, while its iron ore output amounted to 2.4 million mt, up two percent year on year.
In the first half of the current year, the company's coke output increased by 14 percent year on year to 1.39 million mt.
“Our pig iron and coke production capacities are fully utilized. We enjoy stable demand for our products. Considering this, we are quite optimistic about the prospects for the financial results of 2015. In general we see significant improvements in terms of half-year financial results,” stated Sergey Cherkaev, vice president and chief financial officer of the management company.