Metalloinvest – a Russian mining and metallurgical company today via press release announced its operational results for Q1 CY’20.
–Crude steel production increased by 2.6% Q-o-Q, mainly driven by increased demand for heavy plate.
–The company’s iron ore production for Q1 CY’20 was recorded 10.3 MnT, increased by 1.2% Q-o-Q and by 7.2% Y-o-Y. This dynamic was due to an increase in efficiency as a result of improved quality characteristics of the mined iron ore and decreased ore consumption for concentrate. Another factor was the optimisation of maintenance work duration
–Total volume of iron ore product shipments to third parties decreased by 6.2% Q-o-Q and amounted to 7 MnT, mainly driven by the increase in pellet supply to China.
–In Q1 CY’20, HBI/DRI production increased by 6.3% Q-o-Q and 3.2% Y-o-Y to 2.1 MnT due to completion of major maintenance works at HBI-3 plant at LGOK.
–Pig iron shipments to third parties increased by 7.9% Q-o-Q to 0.4 MnT. Meanwhile, the same decreased by 30.5% Y-o-Y mainly due to the growth of internal consumption.
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OPERATIONAL RESULTS FOR Q1 CY’20 |
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| Production by product | Q1 CY’20 | Q4 CY’19 | Change Q-o-Q | Q1 CY’19 | Change Y-o-Y |
| Iron ore | 10,292 | 10,173 | 1.2% | 9,602 | 7.2% |
| Pellet | 7,070 | 6,848 | 3.2% | 6,840 | 3.4% |
| HBI/DRI | 2,085 | 1,961 | 6.3% | 2,020 | 3.2% |
| Crude steel | 1,272 | 1,240 | 2.6% | 1,185 | 7.3% |
| Shipment by product | Q1 CY’20 | Q4 CY’19 | Change Q-o-Q | Q1 CY’19 | Change Y-o-Y |
| Iron ore | 1,842 | 2,268 | -18.8% | 1,624 | 13.4% |
| Pig iron | 370 | 343 | 7.9% | 532 | -30.5% |
| Steel products | 1,184 | 1,161 | 2% | 1,126 | 5.2% |
Fig in ‘000 MT
Metalloinvest is world’s leading producer of merchant HBI, the second largest producer of pellets, the largest iron ore company in Russia and CIS and a leading producer of high quality steel. The company’s iron ore and crude steel production in CY’19 was recorded 40.2 MnT and 4.8 MnT respectively.
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