Metinvest increased its semi-annual steel output by 3%

«Метинвест» увеличил полугодовую выплавку стали на 3%

Metinvest, the largest Ukrainian mining and metallurgical holding, in January-June increased steel production by 3% compared to the same period last year to 3,923 million tons, but decreased the iron – by 7%, to 4,008 million tonnes, total coke production was also 7%, to 2,480 million tons.

According to a press release parent company Metinvest B. V. on the operating results for the first half of 2019, the group increased steel output in the second quarter of 2019, compared to the first quarter of this year by 2%, to 1,982 million tons of pig iron by 5% to 2,051 million tonnes, but reduced the production of coke by 5%, to 1,211 million tons.

This explains that in the second quarter of 2019 the production of iron increased relative to the previous quarter due to an increase in production at Azovstal and Mariupol metallurgical plant them. Ilyich 71 and 23 thousand tons, respectively, in the absence of scarcity of the main raw material in Mariupol plants, which was observed in January-February of the current year.

Steel production in the second quarter of 2019 increased by 2% due to an increase in the production of “Azovstal” to 105 thousand tons as a result of increased iron production that fully compensated the decline in production at MMK 64 thousand tons from-for stops of Converter # 3 on the planned overhaul.

In the first half of 2019 iron production at the Mariupol plants decreased due to the unstable supply of main raw materials in the reporting period and stops Azovstal’s blast furnace No. 6 for scheduled overhaul with modernization and stop of the blast furnace No. 5.

Steel production in January-June 2019 increased by 3% owing to increased production at MMK on 257 thousand tonnes as a result of the redirection of iron in steel production and later stages due to reduction of commercial iron due to the launch of a new continuous casting machine billet.

The decrease in steel production at the Azovstal 128 thousand tons was the result of a decline in iron production.

In addition, it is reported that in the second quarter-2019 the production of commodity semi-finished products increased by 31% compared to the previous quarter, to 815 thousand tons. The increase in the production of merchant pig iron by 107 thousand tons occurred as a result of lower use of cast iron for steel production due to stop at MMK Converter No. 3. The increase in production of merchant slabs by 85 thousand tons was the result of increasing their production at the Azovstal 118 thousand tons (due to the growth of steel production) that offset the decline in CMI to 33 thousand tons.

In the first half-2019 the production of commodity semi-finished products decreased by 12% compared to the same period of 2018 to 1,439 million tons. The production of merchant pig iron decreased by 317 thousand tons, while production of slabs rose by 112 thousand tons – mainly due to the redirection of liquid iron to steel production and later stages after the launch of the new equipment at MMK.

In the second quarter of 2019 the production of finished products increased by 2% compared to the previous quarter, to 1,537 million tons. In the second quarter of 2019 the production volume of coke amounted to 1,211 million tons, lower than in the first quarter of 2019 at 5% as a result of the shortage of coal in June. The shortage of coal in the first half of 2019 and reduced production at Avdiivka coke, as the result of unsatisfactory work of the coke oven and coke dry-quenching installation, were the reasons for the decline in coke output by 7% compared to the same period 2018 to 2.480 million tons.

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