Business news from Ukraine

Business news from Ukraine

PRODUCTION OF PELLETS GOES DOWN BY 0.5% IN JAN-OCT

4 December , 2021  

Central Mining and Processing Plant (Kryvy Rih, Dnipropetrovsk region), part of Metinvest Group, in January-October this year, reduced production of commercial pellets, according to recent data, by 0.5% y-o-y, to 1.850 million tonnes.
As the enterprise told Interfax-Ukraine, in October production of pellets amounted to 110,210 tonnes.
Over ten months, Central Mining reduced production of iron ore concentrate by 2.9%, to 3.959 million tonnes, including 433,163 tonnes produced in October.
At the same time, the agency source noted that in recent months, the lag in production this year has been decreasing in comparison with the previous year. So, in particular, the relative level of backlog of production of commercial pellets in nine months of this year was 2.5% y-o-y, and concentrate – 3%.
As Yuriy Ryzhenkov, CEO of Metinvest, recently announced, in 2020 the company received the first high-quality pellets at Central Mining – DRI-class pellets. The next step is Pivnichny (Northern) Mining and Processing Plant.

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