Metinvest increased steel production by 15% in 2021

Over the year, the Group ramped up production of pig iron and iron ore concentrate

In 2021, Metinvest B.V., the Metinvest Group’s parent company, increased steel production by 15% to 9.5 million tons y-o-y, according to a report of the parent company Metinvest B. V. published on its official website.

In 2021, Ilyich Iron and Steel Works of Mariupol (Ilyich Steel) increased steel production by 5% to 4.26 million tons, and Azovstal increased production by 3% to 4.3 million tons.

Dniprovskyi Coke Plant, following acquisition of Dniprovskyi Iron and Steel Works, produced 933 thousand tons of steel in 2021. In 2020, steel production by Dniprovskyi Iron and Steel Works totaled 2.56 million tons, which is by 15.2% more compared to 2019.

“Steel production increased by 15% mainly due to the purchase of production facilities in Kamianske, as well as due to an increase in production at Mariupol plants,” the Group commented in its statement.

Pig iron

In 2021, pig iron production rose by 15% to 9.7 million tons y-o-y. Over the year, Ilyich Iron and Steel Works of Mariupol increased production of pig iron by 8% to 5.06 million tons. Azovstal’s output remained at the level of 2020, i.e. 3.8 million tons. Over the year, Dniprovskyi Coke Plant produced 849 thousand tons of pig iron.

“Pig iron production increased by 15% due to the purchase of the property complex of DMK, as well as due to an increase in pig iron production at Ilyich Steel as a result of the increase in the productivity of blast furnaces and the repairs made on the furnace stock,” Metinvest explained in its statement.

Iron ore concentrate

Over the year, Metinvest increased production of iron ore concentrate by 3% to 31.34 million tons compared to 2020.

“Production of iron ore concentrate rose by 3% as a result of an increase in ore mining and processing by our three mining and processing plants due to the increase in the productivity of the mining and transport complex and due to the increase in the capacity of beneficiation plants, as well as following the implementation of the capital investment program over the recent years,” reads Metinvest’s statement.

As reported earlier, in 2021, Metinvest released 54 new products. Most of the new products were released in the steel plate and HRC segments.

Metinvest Holding LLC is the managing company of the Metinvest Group. The major shareholders of Metinvest are its co-managing companies SKM Group (71.24%) and Smart Holding (23.76%).

In 2020, Metinvest increased production of steel by 9% to 8.27 million tons against 2019. Over the year, pig iron production grew by 7% to 8.47 million tons. In 2020, Metinvest ramped up iron ore concentrate production by 5% to 30.5 million tons.