Ukrainian mining and steel producing group Metinvest has announced that in the first quarter this year its crude steel production increased by 17 percent quarter on quarter to 1.99 million mt. In addition, in the given quarter Metinvest also produced 7.9 million mt of iron ore concentrate, decreasing by four percent compared to the previous quarter. In the first quarter, the company’s coal concentrate production remained stable at 799,000 mt quarter on quarter.
In the given quarter, the group's output of finished products increased by 21 percent to 1.5 million mt compared to the fourth quarter. In addition, in the first quarter, Metinvest’s flat steel production increased by 21 percent to 1.04 million mt, driven by a revival in demand and price growth, while its long steel production rose by 26 percent to 437,000 mt, both quarter on quarter.