Metinvest iron ore concentrate output drops 1.4% in December
1 February 2019
The attributable production of iron ore concentrate at
the subsidiaries of Metinvest (METINV), Ukraine’s largest steel producer,
amounted to 2.69 mmt (86.6 kt per day) in December, according to Concorde
Capital’s analysis of separate news reports by Interfax-Ukraine. This is a 1.4%
m/m loss on a daily average basis. The holding’s pellet output was 867 kt in
December, a 1.1% m/m decrease on a daily average basis.
Concentrate production at Inhulets Iron Ore inched up
0.9% m/m in December to a daily rate of 29.9 kt. Production at Northern Iron
Ore gained 0.9% m/m to 28.9 kt per day. Production at Central Iron Ore slid
1.5% m/m to 13.2 kt per day, whereas output at Southern Iron Ore plunged 9.6%
m/m to 31.8 kt per day.
In 2018, Metinvest’s attributable output of iron ore
concentrate slid 0.9% yoy to 31.61 mmt.
Dmytro Khoroshun: We expect Metinvest’s 2019 attributable iron ore concentrate output to
at least stay flat yoy, but possibly surge by several million tons, because of
the recent Vale mine disaster in Brazil.
