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Metinvest increases steel production in the first half of 2021 by 10%

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Steel smelting in Metinvest has grown due to increased production at the Mariupol metallurgical plants Azovstal and them. Ilyich.

Metinvest increases steel production in the first half of 2021 by 10%
Фото: МНЛЗ-3 меткомбината Азовсталь / Пресс-служба Метинвест

Netherlands-based Metinvest BV, the parent company of the vertically integrated group of mining and metallurgical companies (Metinvest), increased steel production in the first half of 2021 by 10% compared to the same period last year - up to 4 358 thousand tons - due to an increase in production by Mariupol Metallurgical Plant named after Ilyich and Azovstal by 210 and 185 thousand tons, respectively, due to an increase in pig iron smelting at the plants.

Increase in pig iron production at the plant. Ilyich amounted to 188 thousand tons mainly due to stoppages of blast furnaces No. 3 and No. 4 for repairs in the first half of 2020, production at Azovstal increased by 151 thousand tons amid the presence of blast furnace No. 4 in reserve for orders in March -May 2020.

In general, over six months, iron production at Metinvest enterprises increased by 8% compared to the same period last year - up to 4,405 thousand tons.

Production of finished metal products increased by 22% compared to the same period last year - up to 3,481 thousand tons.

Metinvest also increased coal concentrate in the first half of 2021, which increased by 76% compared to the same period last year - to 2,705 thousand tons.

Coke production remained at the level of the same period last year and amounted to 2,368 thousand tons. Production of total iron ore concentrate increased by 5% year-on-year to 15,864 thousand tonnes. The production of salable iron ore products decreased by 1% compared to the same period in 2020 - to 9,756 thousand tons.

Metinvest is a vertically integrated group of mining and metallurgical companies that manages every link in the supply chain from mining to processing ore and coal, as well as the production and sale of semi-finished products and finished steel products. The structure of the group includes mining and metallurgical enterprises located in Ukraine, the European Union, Great Britain and the USA, as well as a sales network covering all key world markets.

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