In January–July 2021, Interpipe Steel, an EAF mill and part of Interpipe (Dnipro), increased production of steel by 19.9% to 537 thousand tons compared to the same period of the previous year, according to Interfax-Ukraine citing the Company’s updated statistics.
The Company produced 79 thousand tons of steel in July and 90.5 thousand tons in June 2021.
Interpipe Steel is the largest Eastern European EAF mill producing round steel billets. The Company works in vertical integration with other enterprises of the Interpipe Group, supplying steel billets for pipe and wheel production.
In 2020, Interpipe Steel reduced steel production by 11.2% against the previous year, down to 758.7 thousand tons.
The Metinvest Group boosted steel production by 10% to 4.36 million tons in H1 y-o-y, according to the report of the parent company Metinvest B. V. (The Netherlands), published on its official website.
In January–June, Ilyich Iron and Steel Works of Mariupol (Ilyich Steel) increased steel production by 11% to 2.1 million tons against H1 2020. Azovstal increased steel production by 9% to 2.24 million tons in H1.
In H1, Metinvest ramped up production of finished products by 22% to 3.5 million tons. Production of flat products went up 23% to 2.94 million tons.
Pig iron production in H1 rose by 8% to 4.4 million tons. Specifically, Ilyich Steel increased production by 8% to 2.4 million tons in H1. Production at Azovstal grew by 8% to 1.98 million tons.
In H1, Metinvest increased production of iron ore concentrate by 5% to 15.9 million tons y-o-y. The reasons are a rise in iron ore production at Northern, Ingulets and Central GOKs (mining and processing plants) and effects from operational improvements, explains the Group.
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 ramped up production of steel by 9% to 8.27 million tons y-o-y. Pig iron production rose by 7% to 8.47 million tons. In 2020, Metinvest increased production of iron ore concentrate by 5% to 30.5 million tons.
In H1 2021, the Ferrexpo Group increased its share of sales to Central Europe to 34% from 21% in January–June 2020, and to Western Europe to 14% from 4%, according to the Company’s half-year results published on the London Stock Exchange’s website.
Importantly, an increase in supplies of Ferrexpo’s products to the European market can be explained by the recovery of the latter following the coronavirus pandemic. Specifically, the 2020 lockdown restrictions in the EU prompted a decrease in demand for the products in the key consuming countries. In the long run, the Group reoriented its sales to the Chinese market.
Yet in January–June 2021, Ferrexpo reduced the share of sales to the countries of Southeast Asia, including China, to 29% from 68% in H1 2020.
Ferrexpo increased shipments of products to Northeast Asia from 3% in H1 2020 to 8% in H1 2021 and to countries of the Middle East, North Africa, and Turkey from 2% to 13%.
“The Middle East and North Africa are key growth areas for Ferrexpo as the Group develops its offering of DR pellets, which is the primary type of pellet used in these two regions. Turkey represents a long and valued destination for the Group’s sales, which is located in close proximity to the Group’s operations across the Black Sea.”
In H1 2021, Ferrexpo cut sales by 9% to 5.567 million tons against H1 2020. The Group says the decline in sales is due to stockpile drawdown process completed in H1 2020 after an increase in stocks recorded in late 2019.
It has to be noted that in January–June 2021, Ferrexpo ramped up exports of railway products to the EU by 69.1% y-o-y. On the other hand, shipments of metal products to sea ports dropped by 23.8% within the same period.
The Ferrexpo Group is the largest producer and exporter of pellets among the former Soviet Union countries. Its production assets include Poltava Mining and Yeristovo Mining.
Ferrexpo plc holds 100% of shares in Ferrexpo AG, which, in its turn, owns 100% of shares in Poltava Mining and 100% of shares in Yeristovo Mining.
In 2020, Ferrexpo increased production of iron ore pellets by 7% to 11.2 million tons y-o-y. The Company’s sales grew by 17% to 12.1 million tons.