KZHRK increased the production of sinter ore by 48.1% m/m in February 2023

The production of sinter ore for January-February 2023 decreased by 50.3% y/y

In February 2023, Kryvyi Rih Iron Ore Plant (KZHRK) increased the production of underground iron ore by 48.1% compared to the previous month – up to 200,000 tons. It is stated in the corporate newspaper.

In comparison with February 2022, KZHRK reduced the production of sinter ore by 39.2% in February 2023.

In February 2023, Ternivska mine produced 50,000 tons of iron ore, which is 66.7% more than the previous month, and 47.7% less than in February 2022. Kozatska mine increased production by 25% compared to last month, but decreased by 47.4% to the same month in 2022. In February, Pokrovska mine increased production by 100% m/m, but decreased it by 3.8% y/y. The miners of the Kryvorizka mine increased iron ore production by 25% m/m, but decreased it by 42.5% y/y.

In January-February 2023, the plant produced 335,000 tons of sinter ore, which is 50.3% less than in the same period of 2023, including:

• mine Ternivska – 80 thousand tons (-57.9% y/y);
• Kozatska – 90 thousand tons (-51.4%);
• Pokrovska – 75 thousand tons (-35.9%);
• Kryvorizka – 90 thousand tons (-50.5%).

The company’s production plan for extracting commercial iron ore in February 2023 was 100% fulfilled.

As GMK Center reported earlier, in 2022, KZHRK reduced the production of underground iron ore by 33.3% compared to the same period last year – to 2.888 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 (KZHRK) 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.