Metinvest steel production to drop 8% m/m in September due to repairs
16 September 2021
Metinvest (METINV), Ukraine’s largest steel producer,
plans to stop one of two oxygen converters at its Azovstal plant for seven days
of repairs, according to a Sept. 14 report by Metal Expert, an industry
consultancy.
Steel production at Metinvest’s two Mariupol plants,
Azovstal and Ilyich Steel, might drop by about 8% m/m to 22.5 kt per day in
September because of the repairs, according to Concorde Capital calculations.
Dmytro Khoroshun: Metinvest
will return to producing steel at daily rates of at least 23-24 kt at its two
Mariupol plants and of about 7 kt at Dniprovskyy Steel from October, in order
to make the most of the period of high prices at the global markets, we expect.
We maintain our neutral view on METINV bonds.
