Dniprovsky Integrated Iron and Steel Works (DMK), one of the key steel producing assets in Ukraine, has registered positive output results in January this year as expected, taking into account that the asset has restarted its steelmaking operations.
DMK produced 225,991 mt of crude steel and 195,542 mt of pig iron in January, up 34 percent and 37 percent month on month, respectively. As reported previously, in mid-September last year the company temporarily idled most of its steelmaking facilities due to challenging global market conditions. However, at the end of November, it resumed operations at one of the BFs and restarted another one at the end of December. The key reason for DMK’s return to the market is the significant improvement of business activity in the global billet sector, SteelOrbis understands.
In the finished steel segment, DMK produced 67,728 mt in January, up 5.6 percent month on month.