Metinvest steel output rose 1% qoq in 1Q21

30 April 2021

Ukraine’s largest steelmaker Metinvest (METINV) reported on April 30 a 1% qoq rise in steel production at its subsidiaries to 2.129 mmt in 1Q21. Azovstal’s output added 2% qoq to 1.055 mmt in 1Q21, while Ilyich Steel’s output slid 1% qoq in 1Q21 to 1.074 mmt, according to the holding’s quarterly operational update.


The holding’s hot iron output in 1Q21, 2.151 mmt, rose 2% qoq.


The 1Q21 output of semi-finished products at Metinvest lost 6% qoq to 765 kt as its merchant pig iron output added 17% qoq to 279 kt while its merchant slab output dropped 16% qoq to 486 kt.


The holding’s finished product output rose 10% qoq in 1Q21 to 1.634 mmt due to a 15% qoq increase in hot-rolled plate output to 681 kt, a 29% jump in long product output to 215 kt, and a 6% qoq rise in hot-rolled coil production to 510 kt, which was offset by a 86% qoq plunge in railway product output to 4 kt.


Total coke production dropped 4% qoq to 1.170 mmt in 1Q21, while merchant coke output lost 4% qoq to 520 kt.


Total 1Q21 iron ore concentrate production inched up 1% qoq to 7.795 mmt, whereas output of merchant iron ore products rose 3% qoq to 4.832 mmt due to a 59% qoq surge in merchant pellet production to 1.970 mmt that was partially offset by a 17% qoq drop in merchant iron ore concentrate production to 2.862 mmt.


Production of coking coal concentrate at Metinvest skyrocketed 56% qoq to 990 kt in 1Q21 due to the beginning of consolidation of Pokrovske coal business from March, which added 262 kt to the 1Q21 volume.


Dmytro Khoroshun: We expect Metinvest in 2Q21 to continue producing both steel and iron ore at the 1Q21 levels to make the most of the period of high prices at the global markets.

Upcoming Events

May 19
1Q21 interim results
May 19
1Q20 interim results
May 28
3Q FY21 interim report
All Events →