In January-March, Metalloinvest decreased iron ore output by 2.9% YoY and by 7.2% QoQ, to 9.6 million tons.
The decrease has to do with the scheduled repair of machinery at Lebedinsky Mining and Processing Works, as well as the change in the quality of ore mined at LGOK and Mikhailovsky GOK.
The manufacture of pellets grew by 2.2% YoY, to 6.8 million tons, and of HBI – by 1.2% QoQ, to 2 million tons.
Iron ore products sales went up by 1.8% YoY, to 6.2 million tons, with pellets up by 8.1% and HBI – by 10.2%.
Domestic market accounted for 56.9% of sales (61% in Q4 2018 and 70.5% in Q1 2018).
Exports grew: to Europe to 25.9% from 21.3% in Q4 2018 and 18% in Q1 2018, and to Asia – to 11.3% from 7.2% in Q4 2018 and 4.2% in Q1 2018. (Ukrainian metal)