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Russia: Metalloinvest to set up new HBI plant; Q3 crude steel output drops

Metalloinvest Group, one of Russia’s leading steelmakers, swill set up a new HBI plant of 2.8 million tonnes (mn t) capacity at its LGOK facility, the company infor...

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BigMint Bureau

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30 Oct 2021, 19:09 IST

Russia: Metalloinvest to set up new HBI plant; Q3 crude steel output drops

Metalloinvest Group, one of Russia's leading steelmakers, swill set up a new HBI plant of 2.8 million tonnes (mn t) capacity at its LGOK facility, the company informed in its quarterly report. This will be the company's fourth HBI facility. This project will strengthen the company's position in the HBI market while transitioning to greener steel production.

Q3 highlights

Crude steel production: Crude steel production decreased by 2.9% y-o-y to 1.16 mn t. In Q3CY'21, hot metal production increased by 15.4% to 0.6 million tonnes (mn t) compared to Q3 2020. The increase was mainly due to the commissioning of blast furnace No.3 following its modernisation.
HBI/DRI production: In Q3 2021, production amounted to 1.8 mn t, representing a 9.1% increase over Q3 2020. Growth was due to the optimisation of maintenance works and increase in production of DRI plant 1 following its modernisation in 2020.
Steel shipments: Steel product shipments were recorded at 1.02 mn t in the third quarter CY'21, a decrease of 6.5% y-o-y compared to Q3CY'20.
Pig iron shipments: Pig iron shipments amounted to 0.3 mn t, higher by 26.4% compared to Q3CY'20.

Operational highlights in Jan-Sept'21

Crude steel output amounted to 3.6 mn tonnes, decreasing by 2.5% y-o-y. The change is a result of maintenance works at OEMK's EAF4 in Q3 2021.
Pig iron shipments to third parties increased by 7.6% y-o-y to 1mn t in 9M 2021. The company produced 5.7 mn t of HBI/DRI, which is 1.3% lower y-o-y.
Steel product shipments totalled 3.31 mn t, down 6.6% y-o-y.

"In the first nine months of 2021, the company maintained high production volumes, with increased shipments to our key markets - Russia and Europe. A significant increase in demand from our European partners, focused in particular on high quality iron ore and steel products, reflects the global trend towards the decarbonisation of the metals and mining industry", said Nazim Efendiev, CEO, Metalloinvest.