Business news from Ukraine

KAMETSTAL Coke reduced coke output by 35%

6 June , 2024  

In January-March this year, the coke and chemicals division of KAMETSTAL, a Metinvest Group company (formerly Dnipro Coke and Chemicals Plant, Kamenskoye, Dnipro Oblast), reduced its production of metallurgical coke by 35% year-on-year to 68 thousand tons.

According to a corporate presentation published on the Irish Stock Exchange on June 4, the company produced 79 thousand tons of coke in Q4 of 2013.

It is specified that the decline in production at Kametstal was due to the decommissioning (final closure) of some coking chambers at coke oven battery No. 1.

“Zaporozhkoks, a member of the group, increased its blast furnace coke production by 1% year-on-year to 215 thousand tons in January-March 2024.

In addition, it is reported that Metinvest Pokrovskugol reduced coking coal concentrate production by 9% in the first quarter of 2024 compared to the first quarter of 2023 and by 6% to 640 thousand tons in the fourth quarter of 2023 due to deteriorating coal quality and reduced coal production.

Production at United Coal (USA) in January-March 2024 decreased by 41% compared to the same period in 2023 due to the downtime of the Carter Roag mine and reduced production at some Wellmore mines, and almost stabilized (down 2%) by the fourth quarter of 2023 to 446 thousand tons.

As reported earlier, Metinvest decreased coke production by 11% year-on-year in January-March this year and by 3% quarter-on-quarter to 283 thousand tons, while total coking coal concentrate production decreased by 26% to 1.086 million tons.

“Kametstal was established on the basis of Dnipro Coke Plant and Coke and Steel Plant of Dnipro Metallurgical Plant.

“Zaporozhkoks produces coke, owns a full technological cycle of coke products processing, and produces coke oven gas and pitch coke.

“Metinvest is a vertically integrated mining group of companies. Its major shareholders are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage the company. Metinvest Holding LLC is the management company of Metinvest Group.

,