Metalloinvest Registers Fall in Crude Steel Output by 3.7% Y-o-Y in CY19
...
Metalloinvest, a leading steel maker has announced its operational results for fourth quarter and full year CY19. In CY19, crude steel production decreased by 3.7% Y-o-Y mainly as a result of the reconstruction of flexible modular furnaces FMF #1 and FMF #2 at Ural Steel.
The company's production highlights and shipments in Q4 and 12M CY19 are reported below:
In CY19, iron ore production marginally decreased by 0.3% Y-o-Y and amounted to 40.2 MnT. In Q4 2019, production volumes decreased by 2.2% Q-o-Q. Four sections of fine screening technology started to operate at full capacity in the Q4 CY19 that allowed to produce concentrate with a higher iron ore content. Reconstruction of pellet plant at MGOK enabled the company to produce premium-quality pellets.
In CY 19, the company produced 7.9 MnT of HBI/DRI, mostly stable against last year.
Shipments in Q4 and 12M CY19
In CY19, the total volume of iron ore product shipments to third parties increased by 3.3% Y-o-Y and amounted to 26.7 MnT. Pig iron shipments to third parties decreased from 2.2 MnT in CY18 to 1.7 MnT in CY19, mainly due to the growth of internal consumption of these products. Pig iron shipments in Q4 CY19 comprised 0.3MnT which represents a marginal decrease of 0.1 MnT Q-o-Q.
| OPERATIONAL RESULTS Q4 AND 12M CY19 | ||||||
| Production by product | CY19 | CY18 | Change (%) | Q4 CY19 | Q3 CY19 | Change (%) |
| Iron ore | 40,242 | 40,359 | -0.3% | 10,173 | 10,404 | -2.2% |
| Pellet | 28,076 | 27,658 | 1.5% | 6,848 | 7,157 | -4.3% |
| HBI/DRI | 7,866 | 7,826 | 0.5% | 1,961 | 1,857 | 5.6% |
| Crude Steel | 4,867 | 5,053 | -3.7% | 1,240 | 1,197 | 3.6% |
| Shipment by product | CY19 | CY18 | Change (%) | Q4 CY19 | Q3 CY19 | Change (%) |
| Iron ore | 7,435 | 7,573 | -1.8% | 2,268 | 1,996 | 13.6% |
| Pig iron | 1,735 | 2,175 | -20.2% | 343 | 465 | -26.2% |
| Steel products | 4,568 | 4,642 | -1.6% | 1,161 | 1,113 | 4.3% |
Fig in '000 MT
Source: Company Reports
