Ukraine’s Azovstal starts year with higher output results

Friday, 07 February 2020 12:21:27 (GMT+3)   |   Istanbul

Integrated steel producer Azovstal, owned by Ukraine-headquartered mining and steel producing group Metinvest, increased its output volumes in all segments in January 2020.

During the first month of the year, the company produced 411,000 mt of crude steel, up 35.6 percent month on month and rising by 37 percent year on year. In the given period, company’s pig iron output increased by 12.7 percent month on month and 40.2 percent year on year to 356,000 mt, according to local media sources.

In the finished steel segment, Azovstal produced 380,000 of steel products in January, exceeding the results of December by 36.7 percent, while the year-on-year increase in output was 45 percent, SteelOrbis has learned.

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