Ukrainian mining and steel producing group Metinvest has announced its operational results for the first quarter this year.
Accordingly, in the first quarter this year Metinvest’s total output of pig iron increased by 65.9 percent quarter on quarter and was down by 75.4 percent year on year to 448,000 mt. The quarter-on-quarter increase was driven mainly by an increase in the operating time of both blast furnaces in operation at Kamet Steel, while the year-on-year decrease was attributable to the shutdown of Mariupol since the end of February 2022.
In the given period, Metinvest’s crude steel output totaled 491,000 mt, increasing by 96.4 percent quarter on quarter and down by 77.9 percent year on year.
In the January-March period, Metinvest’s production of merchant semi-finished products amounted to 282,000 million mt, double compared to the fourth quarter last year, while decreasing by 45.9 percent year on year.
In the first quarter, the group’s production of finished steel fell by 62.7 percent year on year to 547,000 mt. In particular, its flats production decreased by 74.3 percent year on year to 285,000 mt.
In the mining sector, in the given quarter Metinvest’s total iron ore concentrate output fell by 62.3 percent year on year to 2.3 million mt. Meanwhile, the group’s output of merchant iron ore products fell by 52.4 percent year on year to 1.91 million mt, while the output of iron ore pellets fell by 5.6 percent year on year to 1.21 million mt in the given quarter.
Metinvest’s coking coal concentrate output in the given quarter this year rose by 14.5 percent year on year to 1.46 million mt.
