Ukrainian steel maker Metinvest, whose plants were halted in late February after Russian invasion of Ukraine on 24 February 2022, has reported 25% QoQ dip in crude steel production in January March 2022 quarterCrude steel - 1.962 million tonnes, down 25% QoQ & 8% YoYIron ore concentrate – 6.128 million tonnes, down 20% QoQ & 21% YoYCoking coal concentrate -1.276 million tonnes, down 14% & up 29% YoYMetinvesthad hot idled its major facilities shortly after Russia invaded Ukraine in late-February. The Kamet Steel plant is the only steel plant operating without stoppages. The Zaporizhstal steel works partly resumed production in late March and restarted two blast furnaces in early April. The company’s main steel plants Azovstal and Ilyich Steel in Mariupol were stopped amid ongoing severe shelling in the region.Until the active phase of the war is stopped and reliable communications channels with the metallurgical plants in Mariupol are re-established, it is not possible to assess its impact on the Group’s plants. The two plants in Mariupol were the main source of semi-finished steel products for the company’s rerolling facilities in Europe.Metinvest Group is a Ukrainian vertically integrated group of steel and mining companies that manages mining and processing iron ore and coal to making and selling semi-finished and finished steel products. It was established on 6 June 2006 by the SCM Holdings. It controls 50% of the iron ore market, 46% of the coke market, and 40% of the metal products market in Ukraine’s domestic market. Metinvest's crude steel production capacity is 15 million tonnes per year. Metinvest companies are located in Ukraine, Europe & USA. Its main steel plants includeAzovstal iron and steel works in UkraineIllich Steel and Iron Works in UkraineYenakiyeve Iron and Steel Works in UkraineKhartsyzsk pipe in UkrainePromet Steel AD in BulgariaFerriera Valsider in ItalyMetinvest Trametal in ItalySpartan UK in UK
Ukrainian steel maker Metinvest, whose plants were halted in late February after Russian invasion of Ukraine on 24 February 2022, has reported 25% QoQ dip in crude steel production in January March 2022 quarterCrude steel - 1.962 million tonnes, down 25% QoQ & 8% YoYIron ore concentrate – 6.128 million tonnes, down 20% QoQ & 21% YoYCoking coal concentrate -1.276 million tonnes, down 14% & up 29% YoYMetinvesthad hot idled its major facilities shortly after Russia invaded Ukraine in late-February. The Kamet Steel plant is the only steel plant operating without stoppages. The Zaporizhstal steel works partly resumed production in late March and restarted two blast furnaces in early April. The company’s main steel plants Azovstal and Ilyich Steel in Mariupol were stopped amid ongoing severe shelling in the region.Until the active phase of the war is stopped and reliable communications channels with the metallurgical plants in Mariupol are re-established, it is not possible to assess its impact on the Group’s plants. The two plants in Mariupol were the main source of semi-finished steel products for the company’s rerolling facilities in Europe.Metinvest Group is a Ukrainian vertically integrated group of steel and mining companies that manages mining and processing iron ore and coal to making and selling semi-finished and finished steel products. It was established on 6 June 2006 by the SCM Holdings. It controls 50% of the iron ore market, 46% of the coke market, and 40% of the metal products market in Ukraine’s domestic market. Metinvest's crude steel production capacity is 15 million tonnes per year. Metinvest companies are located in Ukraine, Europe & USA. Its main steel plants includeAzovstal iron and steel works in UkraineIllich Steel and Iron Works in UkraineYenakiyeve Iron and Steel Works in UkraineKhartsyzsk pipe in UkrainePromet Steel AD in BulgariaFerriera Valsider in ItalyMetinvest Trametal in ItalySpartan UK in UK
