Ukraine: pig iron manufacture stopped at Azovstal
Azovstal Iron and Steel Works, a part of Metinvest, has drastically decreased its output and even shut down pig iron manufacture due to the demand and world price fall.
Azovstal Iron and Steel Works, a part of Metinvest, has drastically decreased its output and even shut down pig iron manufacture due to the demand and world price fall.
In January-October Azovstal Iron and Steel Works produced 2.59 million tons of rolled metal, down by 6.3% YoY.
In January-September Azovstal Iron and Steel Works received 619.29 million UAH of losses (318.43 million UAH of profits in the corresponding period of 2014).
Private limited company Metinvest B. V. (the Netherlands) has increased its share in Azovstal Iron and Steel Works from 74.54305% to 74.66433%, or from 3133789.683 thousand shares to 3138888.507 thousand shares.
Metinvest Group of Companies has finished the overhaul of the plate shop at Azovstal Iron and Steel Works (Mariupol).
According to the Metinvest CEO Yuri Ryzhenkov, Mariupol Ilyich Iron and Steel Works and Azovstal Iron and Steel Works operate at 80-85% of their capacities, while Severny, Ingulets and Central Mining and Processing Works have all their capacities fully loaded.
Azovstal Iron and Steel Works has started making a new product: gantry rails KR120.
In January-August Azovstal Iron and Steel Works (Donetsk region), a part of the Metinvest Group of Companies, produced 2.02 million tons of rolled metal, down by 10.1% YoY.