Business news from Ukraine

LARGEST UKRAINIAN MINING HOLDING METINVEST CLIMBS TO 42ND PLACE AMONG GLOBAL STEEL PRODUCERS IN 2021

Metinvest, the largest Ukrainian mining and metallurgical holding, ranked 42nd in the list of the world’s top steel-producing companies in 2021 with a volume of 11.48 million tonnes compared to 45th place in 2020, when it produced 10.16 million tonnes.
According to the annual publicationfrom the World Steel Association (Worldsteel), China Baowu Group became the largest steel company at the end of last year with 119.95 million tonnes (in 2020 it was 115.29 million tonnes), ArcelorMittal with 79.26 million tonnes (in 2020 – 78.46 million tonnes) is in second place.
They are followed by Ansteel Group with 55.65 million tonnes, Nippon Steel with 49.46 million tonnes (41.58 million tonnes) and Shagang Group with 44.23 million tonnes (41.59 million tonnes).
There are no Ukrainian companies in the list of the 50 top steel-producing companies at the end of 2021, as well as at the end of 2014-2020, except for Metinvest.
Among Russian companies, NLMK was 21st with 17.29 million tonnes (at the end of 2020 it was in 22nd place with 15.75 million tonnes), Magnitogorsk Iron and Steel Works was 32nd with 13.59 million tonnes (37th with 11 .57 million tonnes), Evraz group was in 34th place with 13.57 million tonnes (30th place with 13.63 million tonnes), Severstal was 40th with 11.65 million tonnes (40th place with 11.31 million tonnes).
According to Worldsteel, Ukraine produced 21.4 million tonnes of steel in 2021 and was 14th among major steel-producing countries (in 2020 it was 12th place with 20.6 million tonnes), the volume of pig iron production amounted to 21.2 million tonnes (20. 4 million tonnes), while last year the country exported 3.2 million tonnes (3.1 million tonnes) of pig iron, the apparent consumption of pig iron in Ukraine amounted to 17.9 million tonnes (17.3 million tonnes). Apparent steel use in Ukraine in 2021 amounted to 4.8 million tonnes (4.6 million tonnes in 2020), while use per capita reached 110.3 kg (in 2020 it was 105.2 kg per capita).
On average, in the world in 2021, the apparent use of steel amounted to 232.8 kg per capita. (229 kg per capita), the best indicators are in South Korea 1075.6 kg per capita. (955 kg per capita), Taiwan 885.6 kgper capita (789 kg per capita), Czech Republic 775.5 kg per capita. (624.3 kg per capita), China 666.5 kg per capita. (699.2 kg per capita), Japan 456.2 kg per capita. (416.1 kg per capita) and Austria 516.9 kg per capita. (405.2 kg per capita).
At the end of 2021, Ukraine took 10th place in the world ranking of major exporters of steel, having sold 15.7 million tonnes of steel products on foreign markets (in 2020 it was in 9th place with 15.2 million tonnes), China ranked first 66.2 million tonnes (51.4 million tonnes), Japan was in 2nd place with 33.8 million tonnes.
At the same time, in the ranking of net exporters, Ukraine ranked fifth in the world with a volume of 14.4 million tonnes (in 2020 it was in the fourth place with 13.9 million tonnes), China was the first with 38.4 million tonnes (fifth place with 13.5 million tonnes), Japan was second with 28.3 million tonnes (second with 24.8 million tonnes).
The largest metal importers last year were EU (27) with 48.1 million tonnes, the United States with 29.7 million tonnes and China with 27.8 million tonnes.
In the ranking of net importers in 2021, the leaders are the EU (27) with 22 million tonnes, the United States with 21.4 million tonnes and Thailand with 13.7 million tonnes.

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LARGEST UKRAINIAN MINING AND METALLURGICAL HOLDING METINVEST REDUCES STEEL PRODUCTION IN Q1

Metinvest, the largest Ukrainian mining and metallurgical holding, in January-March this year reduced steel production by 8% compared to the same period last year and by 25% compared to the previous quarter – to 1.962 million tonnes, according to a press release from the parent company Metinvest B.V.
According to the report, production of pig iron decreased by 15% and 31% respectively – to 1.828 million tonnes, coke – by 33% and 28% respectively, to 783,000 tonnes.
Metinvest added that in January-March this year, the group reduced the total production of iron ore concentrate by 3% compared to the same period last year and by 10% compared to the previous quarter, to 2.786 million tonnes.
The output of pellets amounted to UAH 1.281 million, which is 35% less than in Q1 2021, but 34% more than in the previous quarter, while the output of coking coal concentrate in the first quarter of this year increased by 29% compared to Q1 2021, but decreased by 14% from Q4 2021 – to 1.276 million tonnes.
Metinvest is a vertically integrated mining group of companies that manages assets in every link of the production chain from iron ore, coal mining and coke production to the production of semi-finished products and finished products from steel, pipes and coils, as well as production of other high value-added products. The group consists of mining and metallurgical enterprises located in Ukraine, Europe and the United States, has a sales network covering all key global markets.
Metinvest’s main 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.

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LARGEST UKRAINIAN MINING AND METALLURGICAL HOLDING “METINVEST” IN FIRST QUARTER REDUCES PRODUCTION OF TOTAL CONCENTRATE

Metinvest, the largest Ukrainian mining and metallurgical holding, in January-March this year reduced the production of total iron ore concentrate (IRC) by 21% compared to the same period last year and by 20% quarter-on-quarter to 6.128 million tons.
According to a press release from parent company Metinvest B.V. on operating results for the first quarter of 2022, the decrease in concentrate output was due to the start of full-scale hostilities on the territory of Ukraine, which, in turn, led to logistical restrictions against the backdrop of blocking Black Sea ports, as well as a sharp decrease in intragroup consumption by Mariupol plants.
According to the results of January-March of the current year, the group reduced the production of marketable iron ore products by 16% compared to the same period last year – to 4.067 million tons, which corresponded to the output in the previous quarter.
During this period, Metinvest reduced the production of pellets by 35% compared to the same period last year, to 1.281 million tons, mainly due to a sharp decrease in intra-group consumption, optimization of the portfolio of orders at the Northern Mining and Processing Plant. However, compared to the previous quarter, their output increased by 34% due to a scheduled overhaul of the roasting machine at the Central Mining and Processing Plant in the 4th quarter of 2021.
Salable concentrate production decreased by 10% to 2.786 million tons, mainly due to lower production at Inguletsky GOK.
In the first quarter of 2022, the total production of coking coal concentrate decreased by 14% to 1.276 million tons as a result of a decrease in production by the Pokrovskaya Coal Group due to a decrease in the number of personnel and disruption of supply chains after the outbreak of hostilities in Ukraine. By the first quarter of 2021, growth was 29% due to the consolidation of the Pokrovskaya Coal Group.
The production of coal concentrate at the mines of the United Coal Company (USA) in Q1-2022 decreased by 85 thousand tons compared to Q1-2021 due to the deterioration of geological conditions.
As reported, according to the results of 2021, Metinvest increased the total production of iron ore concentrate (IRO) by 3% compared to the previous year – up to 31.341 million tons, pellets by 18% – up to 5.811 million tons and the total production of coking coal concentrate – by 92 %, up to 5.542 million tons.
Metinvest is a vertically integrated mining group of companies that manages assets in every link of the production chain from iron ore and coal mining and coke production to the production of semi-finished products and finished products from steel, pipes and coils, as well as the production of other high value-added products. The group consists of mining and metallurgical enterprises located in Ukraine, Europe and the USA, has a sales network covering all key global markets.

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METINVEST REDUCED PRODUCTION OF STEEL, PIG IRON, COKE IN FIRST QUARTER

“Metinvest”, the largest Ukrainian mining and metallurgical holding, in January-March of this year, reduced steel production by 8% compared to the same period last year, and by 25% compared to the previous quarter – to 1.962 million tons, n pig iron – by 15% and 31%, to 1.828 million tons, the total production of coke – by 33% and 28%, respectively, to 783 thousand tons.
According to a press release from parent company Metinvest B.V. on operating results for the first quarter of 2022, in January-March of this year, the group reduced the total production of iron ore concentrate (IOR) by 3% compared to the same period last year and by 10% quarter-on-quarter to 2.786 million tons, pellets by 35% and increased by 34%, respectively – up to 1.281 million tons, the total production of coking coal concentrate – increased by 29% and reduced by 14%, respectively, to 1.276 million tons.
As reported, according to the results of 2021, Metinvest increased steel production by 15% compared to 2020 – up to 9.533 million tons, pig iron – also by 15%, up to 9.709 million tons, but reduced the total production of coke by 5% – to 4.551 million tons. In 2021, Metinvest increased the total production of iron ore concentrate (IRO) by 3% compared to the previous year – up to 31.341 million tons, pellets by 18% – up to 5.811 million tons and the total production of coking coal concentrate – by 92%, up to 5.542 million tons.
Metinvest is a vertically integrated mining group of companies that manages assets in every link of the production chain from iron ore and coal mining and coke production to the production of semi-finished products and finished products from steel, pipes and coils, as well as the production of other high value-added products. The group consists of mining and metallurgical enterprises located in Ukraine, Europe and the USA, has a sales network covering all key global markets.
Metinvest’s main shareholders are the SCM group (71.24%) and Smart Holding (23.76%), which jointly manage the company.
Metinvest Holding LLC is the management company of the Metinvest group.

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METINVEST PLANS TO INVEST IN METALLURGY IN UKRAINE

Metinvest mining and metallurgical group will continue the implementation of investment projects in metallurgy, in particular, at Kametstal plant, created at the facilities of Dniprovsky Metallurgical Plant (Kamyanske, Dnipropetrovsk region).
“In March, Kametstal was the only metal producer in the country. In April, we managed to withdraw from hot conservation and resume production at Zaporizhstal. Metallurgy was one of the key industries in Ukraine in peacetime, and during the war it became a significant source of filling budgets at all levels, which is extremely important for our economy, so we will continue to implement investment projects in production, because the restoration of our country is ahead,” CEO of Metinvest Yuriy Ryzhenkov said during a visit to Kametstal steel plant.
According to him, it will be necessary to rebuild the infrastructure of Ukraine – bridges, roads, buildings.
“For all this, metal is very necessary. And it is precisely in this that the role of Kametstal cannot be overestimated,” he said.
Earlier, the general director of Kametstal, Dmytro Lippa, reported that the enterprise was working and is working with 100% capacity utilization.
“We are provided with orders, there are problems with logistics, but we are solving them,” he said.
Metinvest is a vertically integrated mining group of companies that manages assets in every link of the production chain from iron ore and coal mining and coke production to the production of semi-finished goods and finished products from steel, pipes and coils, as well as the production of other high value-added goods. The group consists of mining and metallurgical enterprises located in Ukraine, Europe and the United States, has a sales network covering all key global markets.

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METINVEST SENDS UAH 1.176 BLN TO HELP UKRAINE DURING 70 DAYS OF WAR

Since the beginning of the war, Metinvest Mining and Metallurgical Group has allocated UAH 1.176 billion to solve social problems of people, as well as to help the military.
Starting February 24, the group has largely restructured its operations, according to a company press release. By the decision of shareholders Rinat Akhmetov and Vadim Novinsky, in addition to supporting the economic stability of Ukraine, the company threw all its efforts into helping Ukraine and Ukrainians.
At the same time, humanitarian support for the population in several key areas has become a 24/7 job for many Metinvest employees. Thus, together with DTEK (the SCM energy business), Metinvest became one of the founders of the Saving Lives humanitarian project. The work of the project is coordinated with the Rinat Akhmetov and Vadim Novinsky Foundations.
The main objective of the humanitarian initiative was the purchase and delivery of humanitarian goods, primarily food products, from Europe to Ukraine. In two months, about 30,000 people received assistance. Thanks to charitable contributions from almost 70 companies from around the world, 1,644 tonnes of food, essential goods, hygiene products and medicines were transferred to the affected areas.
In close cooperation with the Ministry of Health, a medical assistance program was launched in Zaporizhia, Kryvy Rih, Kamianske, Pokrovsk and Avdiyivka, which combines the purchase and transfer of thousands of sets of medicines, as well as the purchase of medical equipment for hospitals and outpatient clinics. The company also donated 150 tonnes of oxygen to COVID-19 patients.

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