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Metinvest plant to boost steel output 45% m/m in April

Metinvest plant to boost steel output 45% m/m in April

15 April 2021

Azovstal, one of two steel making plants of Ukraine’s
largest producer Metinvest (METINV), will boost its steel output to 13.1 kt per
day (394 kt per month) in April, a 45% m/m jump, according to Concorde
Capital’s analysis of a news report by Metal Expert, an industry consultancy.

 

The output jump will be due to the completion of a
major 20-day overhaul of one of Azovstal’s two oxygen converters, Metal Expert
said.

 

Dmytro Khoroshun: Metinvest’s daily steel output might jump 14-19% m/m in April to 24-25
kt because of the completion of Azovstal’s repairs, we expect.

 

We maintain our neutral view on METINV bonds.

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