Metinvest’s Azovstal to reduce iron & steel output 18% in February
19 February 2018
Azovstal, a steel plant owned by Ukraine’s largest
steelmaker Metinvest (METINV), will reduce its output of hot iron by 26% m/m to
260 kt in February, Metal Expert, an industry consultancy, reported on Feb. 16.
The reason for the slowdown are repairs of blast furnace No. 6
and of oxygen converter No. 2.
Dmytro Khoroshun: We estimate that Azovstal’s daily production rates for hot iron and
steel will decrease by similar amounts, 2.0-2.1 kt, the equivalent of about 18%
m/m of the plant’s total, or about 8% of Metinvest’s attributable steel
production. We are keeping our neutral view on METINV Eurobonds.
