Home
/
News
/

Metinvest iron ore concentrate output rose 6% in 7M21

Metinvest iron ore concentrate output rose 6% in 7M21

1 September 2021

The attributable production of iron ore concentrate at
Metinvest (METINV), Ukraine’s largest steel producer, amounted to 3.24 mmt
(104.4 kt per day) in July, according to Concorde Capital’s analysis of
separate news reports by Interfax-Ukraine. This is a 1.1% m/m drop on a daily
average basis. The holding’s pellet output was 895 kt in July, an 8.3% m/m gain
on a daily average basis.

 

Concentrate production at Inhulets Iron Ore slid 2.3%
m/m in July to a daily rate of 35.8 kt. Production at Northern Iron Ore lost
3.6% m/m to 37.3 kt per day. Production at Central Iron Ore inched up 1.6% m/m
to 13.5 kt per day, whereas output at Southern Iron Ore added 5.6% m/m to 38.7
kt per day.

 

In 7M21, Metinvest’s attributable output of iron ore
concentrate rose 5.7% yoy to 21.75 mmt, or 102.6 kt per day, while its pellet
production gained 20.4% yoy to 5.38 mmt.

 

Dmytro Khoroshun: Metinvest will likely maintain elevated iron ore production rates in
the coming months, as the iron ore prices remain high globally even after their
recent drops. Namely, we expect the holding to produce iron ore concentrate at
daily attributable rates above the 2020 average of 96.8 kt, and possibly above
100 kt.

Latest News

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...