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Mar.29.2024 1USD=7.095RMB
  SteelHome >>Steel>>Market Info>>Special Studies
 
Metinvest Announces 3Q 2018 And 9M 2018 Operational Results

https://en.steelhome.com [SteelHome] 2018-11-28 09:23:27

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Operational Highlights

(kt)

3Q 2018

2Q 2018

∆ kt

∆ %

9M 2018

9M 2017

∆ kt

∆ %

Crude steel

1,803

1,969

-166

-8%

5,597

5,456

141

3%

Iron ore concentrate (total)

6,554

7,062

-508

-7%

20,540

20,440

100

0%

Coal concentrate (total)

634

707

-73

-10%

1,974

1,895

79

4%

METALLURGICAL SEGMENT

(kt)

3Q 2018

2Q 2018

∆ kt

∆ %

9M 2018

9M 2017

∆ kt

∆ %

Hot metal

1,943

2,136

-193

-9%

6,234

5,787

447

8%

Azovstal

924

1,013

-89

-9%

2,924

2,766

158

6%

Ilyich Steel

1,019

1,123

-104

-9%

3,310

3,021

289

10%

Hot metal production

(kt)

3Q 2018

2Q 2018

∆ kt

∆ %

9M 2018

9M 2017

∆ kt

∆ %

Crude steel

1,803

1,969

-166

-8%

5,597

5,456

141

3%

  Azovstal

988

1,159

-171

-15%

3,169

3,165

4

0%

  Ilyich Steel

815

810

5

1%

2,428

2,291

137

6%

In 3Q 2018, Metinvest’s hot metal output dropped by 9% q-o-q to 1,943 kt due to planned major overhauls of blast furnaces at the Mariupol steelmakers. Production at Ilyich Steel fell by 104 kt, as blast furnace no. 5 was out of commission for 35 days, while that at Azovstal declined by 89 kt, as work on blast furnaces nos. 5 and 4 kept them offline for 19 and 7 days, respectively.

In 3Q 2018, the Group’s crude steel production decreased by 8% q-o-q to 1,803 kt. The main driver was a production decrease of 171 kt at Azovstal, whose basic oxygen furnaces nos. 1 and 2 underwent scheduled major overhauls lasting 7 and 21 days, respectively, during the reporting quarter.

In 9M 2018, Metinvest’s hot metal production increased by 8% y-o-y to 6,234 kt, as that at Ilyich Steel and Azovstal rose by 289 kt and 158 kt, respectively. This was due to stable raw material supplies, which had been irregular during the corresponding period of 2017, so production of crude steel and merchant pig iron increased.

Metal product output

(kt)

3Q 2018

2Q 2018

∆ kt

∆ %

9M 2018

9M 2017

∆ kt

∆ %

Semi-finished products

661

857

-196

-23%

2,305

1,949

356

18%

 Pig iron

317

401

-84

-21%

1,192

989

203

21%

 Slabs

344

456

-112

-25%

1,113

960

153

16%

Finished products

1,453

1,473

-20

-1%

4,402

4,134

268

6%

 Flat products

1,172

1,232

-60

-5%

3,603

3,494

109

3%

 Long products

202

196

6

3%

629

493

13600%

28%

 Railway products

34

18

16

89%

63

31

3200%

103%

 Tubular products

45

27

18

67%

107

116

-9

-8%

TOTAL

2,114

2,330

-216

-9%

6,707

6,083

624

10%

Coke production 

(kt)

3Q 2018

2Q 2018

∆ kt

∆ %

9M 2018

9M 2017

∆ kt

∆ %

Coke (total)

1,247

1,317

-70

-5%

3,910

3,407

503

15%

Coke (merchant)

430

437

-7

-2%

1,230

859

371

43%

MINING SEGMENT

Iron ore concentrate and pellet output

(kt)

3Q 2018

2Q 2018

∆ kt

∆ %

9M 2018

9M 2017

∆ kt

∆ %

Iron ore concentrate (total)

6,554

7,062

-508

-7%

20,540

20,440

100

0%

Iron ore products (merchant)

3,888

3,931

-43

-1%

11,425

11,303

122

1%

Iron ore concentrate

1,878

1,910

-32

-2%

5,671

6,946

-1,275

-18%

Pellets

2,010

2,021

-11

-1%

5,754

4,357

1,397

32%

Coal concentrate production 

(kt)

3Q 2018

2Q 2018

∆ kt

∆ %

9M 2018

9M 2017

∆ kt

∆ %

Coal concentrate (total)

634

707

-73

-10%

1,974

1,895

79

4%

Coal concentrate (merchant)

14

31

-17

-55%

61

376

-315

-84%

Related Link: Official Announcement

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