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Mar.29.2024 1USD=7.0948RMB
  SteelHome >>Raw Material>>Market Info>>International Dynamics
 
Metinvest’s Output of Iron Ore Concentrate Dropped by 2% QoQ in 4Q2021

https://en.steelhome.com [SteelHome] 2022-02-22 08:56:05

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(kt)

4Q 2021

3Q 2021

∆ kt

∆ %

2021 2020

∆ kt

∆ %

Iron ore concentrate (total)

7,663

7,814

-151

-2%

31,341 30,501

840

3%

Iron ore products (merchant)

4,060

3,712

348

9%

17,530 19,075

-1,545

-8%

Iron ore concentrate

3,101

2,444

657

27%

11,719 14,155

-2,436

-17%

Fe 65% to Fe 67%

1,644

1,284

360

28%

7,219 11,071

-3,852

-35%

Fe ≥67%

1,457

1,160

297

26%

4,500 3,084

1,416

46%

Pellets

959

1,268

-309

-24%

5,811 4,920

891

18%

Fe <65%

491

652

-161

-25%

3,610 2,666

944

35%

Fe 65% to Fe 67.5%

146

337

-191

-57%

1,175 1,250

-75

-6%

Fe 67.5%

322

279

43

15%

1,026 1,004

22

2%

In 4Q 2021, Metinvest’s output of iron ore concentrate dropped by 2% q-o-q to 7,663 kt amid less ore mining at Northern GOK and Ingulets GOK.

In 4Q 2021, the Group’s merchant iron ore product output rose by 9% q-o-q to 4,060 kt. In particular, merchant iron ore concentrate output soared by 27% to 3,101 kt amid a decrease in intragroup consumption of concentrate by Metinvest’s steel mills, the optimisation of Northern GOK's order book and a planned overhaul of the roasting machine at Central GOK. As a result, merchant pellet output dropped by 24% to 959 kt.

In 2021, Metinvest’s iron ore concentrate output rose by 3% y-o-y to 31,341 kt, amid greater ore mining and processing volumes at all iron ore assets. The main drivers were increased productivity of mining transport facilities and throughput of the ore beneficiation plants, as well as recently realised investments.

In 2021, the Group’s merchant iron ore product output fell by 8% y-o-y to 17,530 kt. In particular, merchant iron ore concentrate output dropped by 17% to 11,719 kt amid an increase in intragroup consumption, the integration of DMK’s production facilities and the redistribution of orders in favour of pellets. As a result, merchant pellet output rose by 18% to 5,811 kt.


(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837 18725550282)
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