Metinvest boosted steel production by 10% in H1

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.