Metinvest reduced the production of steel by 13%

According to the Press Center, Metinvest, over the beginning of the year, the production of steel at the groups of the group decreased by 13% to 9 million 579 thousand tons, cast iron by 11% to 8 million 329 thousand tons compared to the same period in 2011.

The production of finished metal rolling for the period from January to September 2012 fell by 7% to 6 million 622 thousand tons, despite the fact that the production of rail products increased by 41% to 277 thousand tons. The production of commodity slabs decreased by 46% to a level of 1 million 43 thousand tons against 1 million 920 thousand tons in 2011.

As emphasized in the message, a significant drop in production is due to a decrease in sales volumes, which in turn is caused by acute competition, a permanent decrease in demand and falling prices in steel markets. So the sale of flat rental decreased by 11%, and sales of large diameter pipes lost as many as 27%.

The production of a hot -rolled sheet as a whole for the enterprises of the Metinvest group was reduced by 606 thousand tons, mainly due to the Ilyich MMK variety, which reduced the zapkusk of such products by 218 thousand tons and the Azovstal plant, which was not figurating 82 thousand tons of sheet steel until last year.

The production of long rental (varietal rental) remained almost at the same level of 1 million 904 thousand tons, which in 2011, while losing only 2%.

At the same time, the Metinvest mining division showed directly opposite results: the mining of coking coal increased by 5% compared to the nine months of 2011 and amounted to 8,816 thousand tons, and the production of a total iron ore concentrate increased by 2% compared to nine months of 2011 and amounted to 27,165 thousand tons