In January-March Metinvest companies produced 1.99 million tons of steel, up by 19% YoY and 17% QoQ.
In particular, Yenakievo Iron and Steel Works produced 501 thousand tons of steel, while Mariupol Ilyich Iron and Steel Works – 715 thousand tons, with Azovstal producing 783 thousand tons, up by 91%, 21% and down by 4% YoY respectively. At the same time Azovstal results were 16% higher QoQ.
Steel smelting increase was due to the pig iron output rise. In Q1 the companies produced 2.05 million tons of pig iron, up by 17% YoY and 5% QoQ. (Ukrainian metal)