Home
/
News
/

Metinvest plant to lower steel output 27% m/m in March

Metinvest plant to lower steel output 27% m/m in March

18 March 2021

Azovstal, one of two steel making plants of Ukraine’s
largest producer Metinvest (METINV), will lower its steel output to 9.3 kt per
day (287 kt per month) in March, a 27% m/m decrease, according to Concorde
Capital’s analysis of a news report by Metal Expert, an industry consultancy.

 

The output drop will be due to a major 20-day overhaul
of one of Azovstal’s two oxygen converters, Metal Expert said, adding that the
overhaul started on March 2.

 

Recall, in March Azovstal is also conducting short-term repairs
of three of its blast furnaces.

 

Dmytro Khoroshun: Metinvest’s
daily steel output might drop 10-15% to 21-22 kt in March because of Azovstal’s
repairs, we continue to expect.

 

Metinvest will restore its daily steel output rates to
at least 23-24 kt in April-May in order to make the most of the high prices
period at the global markets, we presume.

 

We maintain our neutral view on METINV bonds.

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...