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Apr.25.2024 1USD=7.1048RMB
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Metinvest Announced Q2 2021 Report

https://en.steelhome.com [SteelHome] 2021-08-19 16:06:52

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OPERATIONAL HIGHLIGHTS

(kt)

2Q 2021

1Q 2021

∆ kt

∆ %

1H 2021

1H 2020

∆ kt

∆ %

Crude steel

2,229

2,129

100

5%

4,358

3,963

395

10%

Iron ore concentrate (total)

8,069

7,795

274

4%

15,864

15,174

690

5%

Coking coal concentrate (total)

1,715

990

725

73%

2,705

1,536

1,169

76%

METALLURGICAL SEGMENT

Hot metal production

(kt)

2Q 2021

1Q 2021

∆ kt

∆ %

1H 2021

1H 2020

∆ kt

∆ %

Hot metal

2,254

2,151

103

5%

4,405

4,066

339

8%

  Azovstal

1,044

937

107

11%

1,981

1,830

151

8%

  Ilyich Steel

1,210

1,214

-4

0%

2,424

2,236

188

8%

Crude steel production

(kt)

2Q 2021

1Q 2021

∆ kt

∆ %

1H 2021

1H 2020

∆ kt

∆ %

Crude steel

2,229

2,129

100

5%

4,358

3,963

395

10%

  Azovstal

1,185

1,055

130

12%

2,240

2,055

185

9%

  Ilyich Steel

1,044

1,074

-30

-3%

2,118

1,908

210

11%

In 2Q 2021, Metinvest’s hot metal output climbed by 5% q-o-q to 2,254 kt. This was 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 (BOF) no. 1 that month.

In 2Q 2021, the Group’s crude steel output rose by 5% q-o-q to 2,229 kt because of an increase in Azovstal’s volumes of 130 kt 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% y-o-y 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 1H 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.

In 1H 2021, the Group’s crude steel output increased by 10% y-o-y 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.

Source from Metinvest

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