Press Room

Metalloinvest announces operational results for Q2 2018

1 August 2018

Metalloinvest, a leading global iron ore and merchant HBI producer and supplier, and one of the regional producers of high-quality steel, today announces its operational results for the second quarter of 2018.

Management comments

Andrey Varichev, CEO of Management Company Metalloinvest, commented:

"In the second quarter of 2018, Metalloinvest produced record volumes of pellets and HBI for a single quarter, which enabled us to increase the share of high value üadded iron ore product shipments to 72%. This is in line with our strategy of growing the proportion of high-margin products in our output. The Company’s steel plants also boosted their production of hot metal and steel to meet increased market demand."

Iron ore products

  • In Q2 2018, Metalloinvest produced 10.1 mn tonnes of iron ore, an increase of 2.3% q-o-q, mainly due to improved productivity and the calendar factor
  • In Q2 2018, the Company increased pellet production by 4.0% q-o-q to 7.0 mn tonnes, mainly as a result of the scheduled reduction of the time spent on maintenance works at MGOK
  • In Q2 2018, HBI production increased by 1.3% q-o-q to 1.2 mn tonnes, despite this, Metalloinvest's HBI/DRI output decreased to 2.0 mn tonnes. The q-o-q decrease of 1.2% was mostly due to scheduled major maintenance works at two DRI units at OEMK
  • In Q2 2018, the share of high value-added iron ore product shipments (pellets, HBI/DRI) increased to 72%, compared with 69% in Q1 2018

Steel products

  • In Q2 2018, Metalloinvest increased hot metal output by 2.9% q-o-q to 0.7 mn tonnes, mainly due to increased shipments of merchant pig iron
  • In Q2 2018, the Company increased crude steel production by 1.9% q-o-q to 1.3 mn tonnes. This was largely a result of the increased operations at Ural Steel's Continuous Casting Machine #1 to meet growing demand for cast billets
  • In Q2 2018, actual volumes of high value-added (HVA ) steel product shipments slightly increased, despite this, HVA steel product shipments as a proportion of the Company’s overall steel product shipments stood almost flat q-o-q at 45% in Q2 2018

Download PDF (1.14 Mb) Press release
Download XLSX (44.42 Kb) Operational Results Q2 2018
Artem Lavrischev

Artem Lavrischev

Director of Investor Relations & Corporate Ratings Department
Tel.: +7 (495) 981-55-55

For more information, please contact the Investor Relations Department:


You are using an old version of Internet Explorer. This version does not support web technologies, which we are using in this resource. Pages and interactive tools will be displayed incorrectly. Please update your browser to a newer version or install another.