The second quarter of 2024 brought a significant increase in production figures compared to the first quarter.
Thus, pig iron smelting increased by 13.1% to 2.653 million tonnes. Steel production increased by 13.7% to 3.377 million tonnes, which is explained by an increase in orders against the backdrop of a seasonal recovery in business activity.
Sales of the Group's steel products totalled 3.049 million tonnes, 11.6% more than in the previous quarter. This was supported by the positive dynamics of metal consumption and the completion of overhauls of equipment for the production of premium products.
As a result, sales of premium products increased by 32.8% to 1.396 million tonnes. The main contribution was made by sales of cold-rolled and coated products, which are particularly popular in the automotive and construction sectors.
The share of premium products in the sales portfolio increased to 45.8%. Coal concentrate production decreased by 15.6% to 616 thousand tonnes due to difficult mining and geological conditions.
In the first six months of 2024 compared to the same period in 2023, pig iron production increased by 1.7% to 4.998 million tonnes.
Steel production, on the other hand, decreased by 2.6% to 6.348 million tonnes, due to lower demand for steel at the beginning of the year due to repairs in the rolling mill.Sales of steel products decreased slightly to 5.781 million tonnes.
Sales of premium products decreased by 2.3% to 2.447 million tonnes, the company explained this by the impact of repairs on cold-rolled steel production and lower sales of thick plate.
Coal concentrate production decreased by 25.2% compared to the first six months of 2023 due to difficult mining and geological conditions and increased ash content of raw coal.
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