Metinvest Crude Steel Output in H1 of 2021 up by 10% YoY
Metinvest Metinvest

Metinvest Crude Steel Output in H1 of 2021 up by 10% YoY

Ukrainian steel maker Metinvest's hot metal output in Q2 of 2021 climbed by 5% QoQ to 2,254 KT, driven by growth in Azovstal's

Ukrainian steel maker Metinvest's hot metal output in Q2 of 2021 climbed by 5% QoQ to 2,254 KT, driven by growth in Azovstal's production of 107 KT following brief maintenance and repair work on blast furnaces in March because of the planned overhaul of basic oxygen furnace no 1 that month. In Q2 of 2021, crude steel output rose by 5% QoQ to 2,229 KT because of an increase in Azovstal's volumes of 130 T amid greater hot metal production at the plant. Meanwhile, Ilyich Steel's output decreased by 30 KT because of the scheduled overhaul of BOF no 3 in May.

In 1H 2021, Metinvest's hot metal output advanced by 8% YoY to 4,405 KT amid greater production at both Mariupol plants. Ilyich Steel's output rose by 188 KT, mainly because blast furnaces no 3 and no 4 were shut down for scheduled overhauls in H1 of 2020. Azovstal's production increased by 151 KT because blast furnace no 4 was put on standby amid a lower order book in March-May 2020. Crude steel output increased by 10% YoY to 4,358 KT, mainly because of production growth of 210 KT at Ilyich Steel and 185 KT at Azovstal amid greater hot metal output at the plants.

Group's output of merchant semi-finished products in Q2 of 2021 dropped by 10% QoQ to 687 KT. Merchant slab production fell by 91 KT because of the allocation of slabs to make more flat products. Pig iron output edged up by 13 KT. In 1H 2021, Metinvest's production of merchant semi-finished products decreased by 4% YoY to 1,452 KT. Merchant slab production declined by 131 KT because of the redistribution of slabs to flat product rolling. Pig iron production rose by 66 KT, mainly because of an increase in hot metal output.

In 2Q 2021, the Group's output of finished products climbed by 9% QoQ to 1,819 KT

Flat product output rose by 127 KT to 1,533 T because of greater demand for hot-rolled plates and coils, as well as improved productivity of the hot strip mill 1700 at Ilyich Steel

Long product output advanced by 20KT to 235 T as a result of growth in the order portfolio

Railway product output increased by 4 KT to 8 KT

Tubular product output rose by 6 KT to 43 KT

In 1H 2021, Metinvest's production of finished products surged by 22% YoY to 3,481 KT

Flat product output climbed by 547 KT to 2,939 KT, mainly because coil production increased amid improved productivity of the HSM 1700 and four-stand mill at Ilyich Steel, as well as growth in orders for plate at Azovstal

Long product output rose by 65 KT to 450 KT amid an increase in the order portfolio at Promet Steel

Railway product output fell by 4 KT to 12 KT

Tubular product output advanced by 10 KT to 80 KT

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