Date: 7 months ago   Category: Economy

Metinvest has reduced quarter production of steel and cast iron


In the third quarter of the current year in relation to the last quarter the Metinvest group has reduced production of cast iron by 9%, production became - for 8%
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So, in the third quarter as a result of scheduled capital repairs on blast furnaces of the Mariupol metallurgical complexes production of cast iron has decreased by 9% in relation to the last quarter and has made 1 943 thousand tons. "The stop on repair of the blast furnace No. 5 on MMK of Ilyich (MMKI) for 35 days has led to decrease in production by 104 thousand tons. The stop on repair of blast furnaces No. 5 and No. 4 on MK "Azovstal" for 19 and 7 days has respectively led to decrease in production by 89 thousand tons", - it is told in the message.

Production of steel in the third quarter has decreased by 8% in relation to the last quarter - up to 1 803 thousand tons - generally owing to decrease in production on Azovstal on 171 thousand tons as a result of a stop of converters No. 1 and No. 2 for carrying out scheduled capital repairs lasting 7 and 21 days.

In 9 months of the current year in comparison with the same period of 2017 production of cast iron at the Mariupol plants has grown by 8% - up to 6 234 thousand tons. "Increase in production of cast iron at MMKI and Azovstal at 289 and 158 thousand tons respectively became result of stable supply of raw materials, interruptions in which were observed in the same period of last year, thanks to what also production of steel and commodity cast iron has grown", - have noted in Metinvest.

Production of commodity semi-finished products in the third quarter of the current year has decreased by 23% in relation to the last quarter and has made 661 thousand tons. Decrease in production of slabs and cast iron has made 112 and 84 thousand tons respectively.

In 9 months 2018 (in comparison with the same period of 2017) production of commodity semi-finished products has increased by 18% - to 2305 thousand tons - because of increase in production of commodity cast iron and slabs by 203 and 153 thousand tons respectively against the background of favorable market conditions.

In the 3rd quarter 2018 production of finished goods has remained at the level of the last quarter and has made 1 453 thousand tons. In 9 months 2018 production of finished goods has grown by 6% in comparison with the same period of 2017 and has made 4 402 thousand tons.

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