Metinvest steel output rises 6% m/m in May
7 June 2018
Steel production at Ukraine’s largest producer,
Metinvest (METINV), was 22.5 kt per day (or 697 kt per month) in May, a 6.2%
m/m increase in average daily terms, according to Concorde Capital’s analysis
of separate news reports by Interfax-Ukraine.
That result includes Azovstal (AZST UK) and Ilyich
Steel (MMKI UK) figures. (Production at Metinvest’s Yenakiyeve Steel was halted
in February 2017). No attributable portion of Zaporizhstal’s (ZPST UK) result
is included.
Ilyich Steel reported a 3.5% m/m rise in steel
production to 8.9 kt per day, while Azovstal showed an 8.1% m/m increase to
13.5 kt per day.
The holding’s hot iron output rose 6.1% m/m to 23.9 kt
per day in May.
During 5M18, Metinvest’s steel output was 3.14 mmt, or
7.2% less yoy. Excluding Yenakiyeve Steel, which Metinvest does not control
anymore, the holding’s output rose 3.2% yoy to the same 3.14 mmt in 5M18.
Dmytro Khoroshun: We to expect Metinvest’s 2018
steel output at about 7.3-7.5 mmt, or 3-5% less yoy. However, Metinvest’s plans
to produce as much as 8 mmt of steel in 2018 look increasingly realistic.
