Ukrainian steelmaker Metinvest increased its output of sellable semi-finished products by 10% year on year to 3.03 million tonnes in 2018, supported by favorable market conditions, the company said in a report released on Thursday January 31.
Sellable semi-finished products output increased following stable raw materials supplies in 2018 as well as comparatively higher sales prices year on year.Hot metal output at the Mariupol sites increased by 3% year on year to 8,2 million tonnes in 2018. Production at Ilyich Iron & Steel Works rose by 334,000 tonnes last year to 4,5 million tones, which more than made up for a drop of 70,000 tonnes at Azovstal Iron & Steel Works, to 3,7 million tonnes."The increase at Ilyich Steel came amid stable supplies of raw materials, which had been irregular in the same period [of 2017], so production of crude...