Metalloinvest expanded iron ore and crude steel production

Metalloinvest has announcesd its operational results for the full year 2016.

In 2016, Metalloinvest increased iron ore output by 3.1% y-o-y to 40.7 mn tonnes. In Q4 2016, the Company increased iron ore production1 to 10.3 mn tonnes, 4.0% higher q-o-q.

Annual pellet output reached 25.2 mn tonnes, up by 5.9% y-o-y, mainly due to the launch of Pellet Plant #3 at MGOK. In Q4 2016, pellet production decreased by 3.0% q-o-q to 6.3 mn tonnes.

In 2016, Metalloinvesty increased HBI/DRI production by 4.8% y-o-y to 5.7 mn tonnes, due to higher productivity of DRI units at OEMK, among other factors, which also contributed to the increase of output in Q4 2016 to 1.5 mn tonnes (15.5% q-o-q growth).

In 2016,Metalloinvest increased hot metal output by 20.2% y-o-y to 3.0 mn tonnes, due to the launch of Blast Furnace #4 and Pig Iron Casting Machine #5 at the end of 2015. In Q4 2016, hot metal production amounted to 0.7 mn tonnes, down by 5.4% q-o-q.

In 2016,Metalloinvest increased crude steel production by 3.6% y-o-y to 4.7 mn tonnes. In Q4 2016, crude steel production equalled 1.2 mn tonnes, up by 5.7% q-o-q.