KZHRK increased the production of sinter ore by 4.7% m/m in January 2023

In January 2023, the Kryvyi Rih Iron Ore Plant (KZHRK) increased the production of underground iron ore by 4.7% compared to the previous month – up to 135,000 tons. It is stated in the corporate newspaper.

In comparison with January 2022, in January 2023, KZHRK reduced the production of sinter ore by 60.9%.

In January 2023, the Ternivska mine produced 30,000 tons of iron ore, which is equal to the figure of the previous month, and 68.4% less than in January 2022. The Kozatska mine also leveled production with last month, but reduced it by 55.6% to the same month in 2022. In January, Pokrovska increased production by 66.7% m/m, but decreased it by 61.5% y/y. Miners of the Kryvorizka mine reduced iron ore production by 9.1% m/m and by 57.9% y/y.

The company’s production plan for the production of iron ore in January of this year was 90% completed.

As GMK Center reported earlier, in 2022, KZHRK reduced production of underground iron ore by 33.3% compared to the same period 2021 – to 2.89 million tons.

In the 12 months of 2022, the Ternivska mine produced 770,000 tons of marketable iron ore (-34% y/y), Kozatska – 783,000 tons (-29.1% y/y), Pokrovska – 582 thousand tons (-10.2% y/y), and Kryvorizka – 753 thousand tons (-46.6% y/y).

Kryvyi Rih Iron Ore Plant (KZRK) is the largest producer of sinter ore in Ukraine. Most of its production volume is exported to Eastern Europe. KZHRK operates four underground mines. Its reserves amount to 210 million tons of rich iron ores, 58.6% Fe.