Business news from Ukraine

Business news from Ukraine

AZOVSTAL REDUCES OUTPUT BY 3% IN 2019

4 January , 2020  

Azovstal Iron and Steel Works (Mariupol, Donetsk region), which is part of Metinvest Group, in 2019 reduced production of rolled goods, according to recent data, by 3.2% compared to the previous year, to 3.753 million tonnes.
The enterprise told Interfax-Ukraine that steel production decreased by 1.6%, to 4.018 million tonnes, pig iron output by 6.3%, to 3.475 million tonnes.
In December, Azovstal produced 278,000 tonnes of rolled steel, 303,000 tonnes of steel, 316,000 tonnes of cast iron, while in the previous month 244,000 tonnes of rolled metal, 295,000 tonnes of steel, and 252,000 tonnes of cast iron.
As reported, in 2018 Azovstal kept production of rolled goods at the level of the previous year at 3.879 million tonnes, but reduced steel production by 4%, to 4.082 million tonnes, pig iron by 2%, to 3.707 million tonnes.
The enterprise is part of Metinvest Group, the main shareholders of which are SCM Group (71.24%) and Smart-Holding (23.76%), jointly managing the company.
Metinvest Holding LLC is the managing company of Metinvest Group.