Metinvest produced 2.4 million tons of steel in January-June

In January-June 2022, Metinvest Group reduced steel production by 45% compared to the same period in 2021 – to 2.41 million tons. It is reported by company’s data published on the official website.

Pig iron production for the first half of the year amounted to 2.25 million tons, which is 49% less than in the same period of 2021. The stoppage of production at the Mariupol plants was partially compensated by production at Kametstal.

During the six months, Metinvest also reduced the production of steel products by 46%, to 2.65 million tons. During this period, production of coke fell by 60%, to 400,000 tons, iron ore concentrate by 45% – to 8.8 million tons, and coal – by 10%, up to 2.4 million tons.

In the second quarter, the group’s iron and steel production amounted to 424,000 tons and 450,000 tons, respectively, which is 77% less than in the previous quarter. In addition to the loss of Azovstal and Ilyich Iron and Steel Works of Mariupol, the April-June production indexes were also affected by the shutdown of blast furnaces No. 12 and No. 9 at Kametstal.

The output of steel products in the second quarter decreased by 67% compared to the first quarter – to 663 thousand tons, coke – by 63%, to 292 thousand tons, iron ore concentrate – by 56%, to 2.68 million tons, and coal – to 10%, up to 1.15 million tons.

As GMK Center reported earlier, in 2021, the Metinvest group increased production of steel by 15% compared to 2020 – up to 9.5 million tons. The output of pig iron for the year also increased by 15% – up to 9.7 million tons. The production of iron ore concentrate amounted to 31.34 million tons (+3%).

At the end of June Metinvest announced a temporary suspension of operations at the Southern, Ingulets and Northern mining and processing plants. Southern, Ingulets will be suspended from July 1st, and Nothern – from mid-July.

Also, from July 1, the capacity of Kametstal was reduced to one blast furnace. Of the mining and beneficiation plants, only Central mining and processing plant continues to operate, but with reduced capacity.