Metalloinvest announces Operational Results for Q4 2017 and FY 2017

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 fourth quarter and full year 2017.

Iron ore products

In Q4 2017, Metalloinvest produced 10.1 mn tonnes of iron ore. In FY 2017, output amounted to 40.3 mn tonnes, a decrease of 1.0% y-o-y, mainly due to a change in the ore mixture
In Q4 2017, pellet production amounted to 6.5 mn tonnes. In FY 2017, the Company produced 25.1 mn tonnes, a reduction of 0.4% y-o-y, mostly as a result of scheduled major maintenance works at pellet plants and a change in the pellet assortment in the production structure to meet the requirements of HBI-3 Plant
In Q4 2017, the Company produced 1.9 mn tonnes of HBI/DRI. In FY 2017, HBI/DRI output reached 7.0 mn tonnes, an increase of 22.6% y-o-y, due to the launch of HBI-3 Plant at LGOK

The share of high value-added iron ore product shipments (pellets, HBI/DRI) amounted to 65% and 61% in Q4 2017 and FY 2017, respectively

Steel products

In Q4 2017, Metalloinvest produced 0.7 mn tonnes of hot metal. In FY 2017, hot metal output amounted to 2.7 mn tonnes, a reduction of 9.3% y-o-y, largely as a result of maintenance and repair works
In Q4 2017, crude steel production amounted to 1.2 mn tonnes. In FY 2017, the Company increased crude steel output by 2.1% y-o-y to 4.8 mn tonnes mostly as a result of increased production at CCM-1 at Ural Steel, due to long-term contracts with Russian customers

The share of high value-added (HVA) steel product shipments amounted to 42% in Q4 2017. In FY 2017, the share of HVA steel products amounted to 43%, compared with 41% in FY 2016, driven by a 12% increase in of merchant SBQ HVA and a 34% increase in semi-finished product HVA output