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Metalloinvest Announced Q2 2021 Report

https://en.steelhome.com [SteelHome] 2021-08-19 15:48:55

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Operational Results for H1 2021

Metalloinvest (the “Company”), a leading global iron ore and merchant HBI producer and supplier, and one of the regional producers of high-quality steel, today announces its operational results for the first half of 2021.

Management comments

Nazim Efendiev, CEO of Management Company Metalloinvest, commented: “In the first half of 2021, the Company demonstrated stable production and shipment dynamics across its entire product range. We continue actively implementing the modernisation programme and increasing the share of high-quality products in our product mix. The overhaul of the HBI-1 Plant at LGOK was completed in June 2021, the implementation of cycling-flow technology at LGOK is nearing completion and construction of the concentrate beneficiation facility at MGOK is currently underway.”

Metalloinvest consolidated operational results

Production by product

tonnes '000

Q2 2020

Q1 2021

Q2 2021

Hot metal

576

558

606

Crude steel

1,270

1239

1244

Shipments by product

tonnes '000

Q2 2020

Q1 2021

Q2 2021

Pig iron

382

260

456

Steel products, incl.

1,228

1105

1187

SEMIS

738

550

605

SEMIS HVA

75

70

62

SBQ HVA

175

276

285

Plate

69

93

124

Plate HVA

170

117

111

Total shipments, incl.:

1,609

1,366

1,642

Steel products HVA

421

463

457

Shipments by region

tonnes '000

Q2 2020

Q1 2021

Q2 2021

Russia

482

496

524

Europe

250

303

273

Asia

183

5

15

MENA

320

285

232

Others

374

276

598

Total shipments

1,609

1366

1642

Source from Metalloinvest

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