Metinvest, the largest Ukrainian mining and metallurgical holding, in 2014 cut steel production by 26 percent in comparison with 2013, to 9.205 million tonnes, that of cast iron - by 20 percent, to 9.213 million tonnes, total coke production - by 22 percent, to 4.795 million tonnes.
According to a report from parent company Metinvest B.V. on the results of operations in 2014, in the fourth quarter of 2014 production of cast iron increased by nine percent compared to the previous quarter due to the increase in production at Azovstal and Yenakiyeve steel mill by 141,000 tonnes and 26,000 tonnes respectively, which compensated for the decrease of production by 14,000 tonnes at Mariupol-based Illich steel mill.
The increase was due to restoring production at Yenakiyeve steel mill from Oct. 21 after a full stop on Aug. 13 and the recovery of raw materials supplies in the largest possible volume to Illich steel mill and Azovstal.
Due to the increase in cast iron output, steel production rose by one percent in the fourth quarter of 2014 compared to the previous quarter. The increase in steel output at Azovstal was 159,000 tonnes, Yenakiyeve steel mill – 22,000 tonnes, while production at Illich steel mill fell by 161,000 tonnes.
