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Metinvest’s Zaporizhstal posts weaker production results for 2019

Tuesday, 07 January 2020 17:04:00 (GMT+3)   |   Istanbul
       

Ukraine’s Zaporizhstal, an integrated steel mill belonging to Metinvest group, has indicated a weaker performance in 2019 in terms of production.

According to the preliminary information, in 2019 the company’s crude steel production decreased by 2.5 percent year on year to 4 million mt, while its pig iron output inched down by 0.6 percent to 4.36 million mt, year on year. Finished steel production by Zaporizhstal decreased by 5.3 percent year on year in 2019 to 3.35 million mt, local media sources report.

In December alone, Zaporizhstal produced 393,000 mt of pig iron, up 10 percent year on year. However, the mill’s crude steel output dropped by 3.9 percent to 330,600 mt and its finished steel production slid by 0.3 percent to 273,300 mt, year on year, SteelOrbis has learned.


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