Ukrainian mining and steel producing group Metinvest has announced its operational results for the January-September period of this year.
Accordingly, in the first nine months of this year, Metinvest’s total output of pig iron decreased by 45.6 percent year on year to 1.34 million mt, while its crude steel output totaled 1.53 million mt, decreasing by 42.6 percent year on year.
In the first nine months, Metinvest’s production of merchant semi-finished products amounted to 657,000 mt, decreasing by 25.5 percent year on year.
The decreases in production were due to the shutdown of the Mariupol plant, while they were partly compensated for by the output at Kamet Steel.
In the given period, the group’s production of finished steel fell by 26.4 percent year on year to 1.73 million mt. In particular, its flats production decreased by 666,000 mt year on year to 847,000 mt, while its longs production increased by 72,000 mt year on year to 881,000 mt.
In the mining sector, Metinvest’s total iron ore concentrate output fell by 22.5 percent compared to the same period of the previous year to 7.51 million mt, due to the war. The group’s output of merchant iron ore products fell by 12.1 percent year on year to 6.22 million mt, while the output of iron ore pellets increased by 47.9 percent year on year to 3.99 million mt in the given period.
Metinvest’s coking coal concentrate output in the January-September period of this year rose by 17.1 percent year on year to 4.32 million mt, mainly due to greater production at Pokrovske Coal and improvements in the quality of the Ukrainian coking coal.