According to Mr. Vladimir Boyko, Ilyich general director, the Ukrainian flat steel producer Mariupol Ilyich Iron and Steel Works expects in 2010 to register an increase in its commercial product output of UAH 11.5-24.1 billion, up by 91.3% YoY.
Mr. Boyko said, in 2010 Ilyich would register an increase of 38.4% YoY in its agglomerate output, a 31.1% YoY growth in its pig iron production, a 31.7% YoY rise in its crude steel output and a 30.1% increase in its hot-rolled steel output.
Mr. Boyko said “Compared to the first half of the year, in the second half there was a significant increase in production. This was possible due to the merger with Metinvest in July 2010. This consolidation has allowed us to compensate for losses and to ensure more stable supplies of raw materials. Regardless of the continuing difficulties in the steel market, we were able to more fully load production with orders.”
For 2011 Ilyich has developed a business plan which envisages increases of 10% in agglomerate production, 5.7% in pig iron output, 5.2% in crude steel production, 27.9% in hot-rolled product output and an increase of 29.3% in finished steel product output. At the same time, in 2011 Ilyich plans to invest UAH 1.2 billion in the technical reequipment of the plant. (SteelOrbis)
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