Metinvest today released its operational results for the first quarter of CY’21. The main highlights are given below:
- Crude steel production stood at 2.12 mn t, down by 2% y-o-y due to a production drop at Azovstal amid the scheduled overhaul of basic oxygen furnace no. 1 in Mar’21
- However, on a q-o-q basis crude steel output, rose by 1% q-o-q. Slight growth was supported by an increase in Azovstal’s production of 17 kt due to the allocation of hot metal to steelmaking
- Finished steel output rose by 4% y-o-y with a considerable increase in flats output mainly due to a rise in HRC production following the reconstruction of Ilyich Steel’s HSM 170.
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