Production of iron ore concentrate in January-June amounted to 4.75 million tons, and coal – 3.04 million tons

In the first half of 2023, Metinvest Group reduced steel production by 57% compared to the same period in 2022 – to 1.032 million tons. This is evidenced by the company’s data.

Pig iron production for January-June 2023 amounted to 918,000 tons, which is 59% less than the figure for the first half of 2022.

«The main factors of this were the shutdown of the Mariupol plants from the end of February 2022, as well as the transition to work with two blast furnaces, instead of three, at Kametstal,» the message says.

In the second quarter of 2023, pig iron production increased by 5% compared to the previous quarter – up to 470,000 tons. It was possible to increase the indicator in this period mainly due to the increase in the working time fund of blast furnace №9 at the Kametstal Iron and Steel Works amid stabilization the situation with electricity supply since the end of January and the increase in the order portfolio. Steel production in April-June 2023 increased by 10% q/q – up to 541 thousand tons.

The output of steel products (semi-finished products and finished products) in the first half of the year decreased by 38% year-on-year – to 1.65 million tons. In the second quarter of 2023, it decreased by 1% q/q – to 818 thousand tons.

In the second quarter of 2023, the production of finished products increased by 10% compared to the first quarter – up to 601 thousand tons. In particular, the production of flat rolled products increased by 9 thousand tons (to 294 thousand tons) due to an increase in orders for hot-rolled thick sheet on rolling mills in Italy, and the production of long rolled products – by 45 thousand tons (up to 307 thousand tons) thanks to the increase in production at the Promet Steel plant in Bulgaria, as well as the growth of steel production in Ukraine amid energy supply stabilization.

In the first half of the year, the group’s enterprises reduced coke production by 40% y/y – to 648 thousand tons. In the second quarter, this indicator increased by 4% compared to the previous quarter – up to 330 thousand tons, which was facilitated by the normalization of coke production at Kametstal due to the increase in pig iron production amid stabilization of electricity supply from the end of January 2023.

The output of iron ore in January-June 2023 fell by 46% compared to the first half of 2022 – to 4.75 million tons, coal – increased by 25% y/y, up to 3.04 million tons. In the second quarter of 2023, the production of anti-aircraft missiles increased by 6% q/q – up to ​​2.44 million tons, and coal – by 8%, up to 1.58 million tons.

As GMK Center reported earlier, in 2022, the Metinvest group reduced steel production by 69% compared to 2021 – to 2.92 million tons. Pig iron output fell by 72% y/y – to 2.74 million tons. Production of iron ore concentrate amounted to 10.71 million tons (-66% y/y).

In connection with the beginning of the full-scale aggression of the Russian Federation on February 24, 2022, the company decided to suspend the production activities of a number of its enterprises in Mariupol, Avdiivka, and Zaporizhzhia. Later, the Group’s Zaporizhzhia enterprises resumed their production. At the same time, the company’s assets in Mariupol and Avdiivka were damaged by hostilities, and the city of Mariupol is now temporarily occupied.

Source: https://gmk.center