IMH 3Q & 9M 2017 operational results

Industrial Metallurgical Holding (IMH), one of the world’s leading suppliers of merchant pig iron and the biggest merchant coke producer in Russia, announces its operational results for 3Q and 9M 2017.

Production of coking coal by the Coal division for 9 months of 2017 amounted to 2.17 mt, that is 50% more than in the same period last year. The increase in production occurred due to the launch of the Tikhova mine and the second stage of Butovskaya mine in May 2017.

Coking coal concentrate production at Berezovskaya washing plant totaled to 1.87 mt, that is 4% less than for 9M 2016. The slight decrease in the output volumes was due to production process optimization of the newly commissioned mines’ coal processing.

The coke output decreased by 5% y/y in the first three quarters and amounted to 2.02 mt. The decrease in production is coming from the operational changes at coking batteries in order to improve the quality of coke, shipped to Tulachermet and other consumers.

Iron ore production at Kombinat KMAruda in 9M 2017 totaled to 3.79 mt (+2% y/y). Iron ore concentrate production during the reporting period increased by 1% and totaled to 1.67 mt.

Tulachermet produced 1.66 mt of merchant pig iron in the first three quarters of 2017, that is at the level of the previous year. The 15% deсline of the pig iron production in 3Q compared to the 2Q is due to the scheduled overhaul of the blast furnace №3 in August 2017. At the same time, in September 2017 the company reached the highest daily output in its history while operating with two furnaces – 7.257 kt per day.