steel production

The company has already concluded an agreement for the supply of environmentally friendly steel to the Mercedes-Benz automobile company

The profit of the steel division in January-March 2023 amounted to $37.44 million

Costs of importing steel to the country increased by 33% y/y

The utilization rate of electric arc furnaces by Chinese steelmakers as of May 4, 2023, was 50.42%

In one month, Indian steelmakers shipped 855,000 tons of steel for export

Steel production for the month increased by 8.9% m/m, and pig iron – by 16.7% m/m

Shipments in this period increased by 5.7% y/y

In this way, the company expects to reduce the order fulfillment time and solve problems with the supply of ArcelorMittal slabs

Iron ore production increased by 1% q/q for the year

At the same time, the company has not yet completed the cleaning of blast furnace A at the Gijon plant

Visible steel consumption in the country in the January-March increased by 1.9% y/y

In January-March 2023, the company's revenue increased by 9.5%