28 November 2022

As per Metinvest operating report in Q3 the company reduced its steel output q-o-q by 43%, while iron ore production slumped by 66%.

In reporting quarter Metinvest steel output comprised 256k tons, while in Q2 - 450k tons.

In its turn steel production by Zaporizhstal in Q3 made 291k tons (vs. 276k tons in previous quarter), so including Zaporizhstal total Metinvest output made 547k tons (53% from the total Ukrainian steel production).

To compare with previous year, during January-September 2022 steel production at Kametstal decreased by 37% y-o-y (to 1.2M tons), Zaporizhstal – by 60% (the same 1.2M tons).

In Q3 production of iron ore concentrate made only 900k tons vs. 2.7M in Q2. In reporting quarter Metinvest focused on production of pellets with more than 65% Fe content.

Coal output made 1.267M (+9% q-o-q).