Ukraine: Metinvest iron ore concentrate output down in 2014
In 2014 Metinvest group produced 34880 thousand tons of iron ore concentrate, down by 6%, or by 2038 thousand tons, YoY.
In 2014 Metinvest group produced 34880 thousand tons of iron ore concentrate, down by 6%, or by 2038 thousand tons, YoY.
A rise in hot metal output in Q4 2014 caused an increase in merchant pig iron production of 114,000 tons QoQ.
In 2014 Ukraine’s largest metal company Metinvest produced 4.79 million tons of coke, down by 22% YoY.
Metinvest, the largest Ukrainian mining and metallurgical holding, in 2014 cut steel production by 26% in comparison with 2013, to 9.205 million tons.
Ukrainian firm Metinvest will take three to five months to rebuild a rail bridge over the Kalchik river that was destroyed in an attack on 23 December, claiming the life of one steel worker and forcing the company to reduce output at its two mills, the company has said.
Metinvest Group of Companies forecasts the decrease of its output in 2014 by 10% from the planned volumes.
According to Metinvest Group of Companies, in 2015 Ukrainian rolled metal market would shrink by 15%.
Metinvest-Ukraine, a part of Metinvest Group of Companies, has won a tender of and concluded an agreement with Plant named after Malyshev (Kharkiv) to supply 181.9 million UAH (without VAT) worth of metal products (special steel sheets).