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Metinvest Reports Steel Production for December, Full Year 2010

01/12/2011 - Metinvest reported the production of 1.098 million tonnes of hot metal in December, a 7.1% increase over December 2009’s tonnage. The company also produced 1.282 million tonnes of steel (+7.8%), 1.171 million tonnes of rolled products (+16.4%), and 55,700 tonnes of large-diameter pipe (+39.7%).

Metinvest reported the production of 1.098 million tonnes of hot metal in December, a 7.1% increase over December 2009’s tonnage. The company also produced 1.282 million tonnes of steel (a 7.8% increase vs. December 2009), 1.171 million tonnes of rolled products (a 16.4% increase), and 55,700 tonnes of large-diameter pipe (a 39.7% increase).
 
For the full year 2010, the company produced 8.008 million tonnes of hot metal (a 30.8% increase vs. 2009), 9.266 million tonnes of steel (a 31.8% increase), 8.590 million tonnes of rolled products (a 31.3% increase) and 309,000 tonnes of large diameter pipe (a 41.0% decrease).
 
Metinvest’s JSC Azovstal Pig iron & Steel Works produced 4.962 million tonnes of hot metal for the full year, a 23.5% increase vs. the previous year (2009). In 2010, JSC Azovstal also produced 5.701 million tonnes of steel (a 22.8% year-on-year increase) and 5.288 million tonnes of rolled products (a 23.3% year-on-year increase). JSC Azovstal Pig iron & Steel Works is a modern high-tech enterprise manufacturing a broad range of metal products, including slabs, long and shaped rolled products, rails, rail fastening, square billets, heavy plate, and slag products.
 
Metinvest’s Ilyich Iron and Steel Works produced4.729 million tonnes of hot metal in 2010, a 31.1% year-on-year increase, as well as 5.652 million tonnes of steel (a 31.9% year-on-year increase) and 3.368 million tonnes of rolled products (a 27.2% year-on-year increase).
 
Metinvest’s Yenakiieve Steel produced2.164 million tonnes of hot metal in 2010, a 2.7% year-on-year increase, as well as 2.497 million tonnes of steel (a 4.7% year-on-year increase) and 2.394 million tonnes of rolled products (a 6.1% year-on-year increase). The company comprises JSC Yenakiieve Iron and Steel Works and Metalen, LLC Ukrainian-Switzerland Joint Venture, which operate at the same production site and have the same production cycle. The Company manufactures cast billet, bars, as well as various long products (beams, channels, angle bars, etc.). Yenakiieve Steel is part of the Metinvest Group Steel and Rolled Products Division.
 
Metinvest’s Makiivka Iron and Steel Works CJSC produced 1.192 million tonnes of rolled products in 2010, a 41.1% year-on-year increase. Makiivka Iron and Steel Works CJSC produces and sells long products, including rebars, wire rod, angles and rounds. In 2010 Makeevka I&SW received EN ISO 9001-2005 Certificate for its quality management system in the field of sections and shaped products.  
 
Metinvest’s PJSC Khartsyzsk Pipe Plant produced 309,000 tonnes of large-diameter pipe in 2010, a 41.0% Year-on-year decrease. PJSC Khartsyzsk Pipe Plantis the largest enterprise in CIS manufacturing large-diameter longitudinal seam SAW pipes (508-1422 mm in diameter) with corrosion-resistant exterior and interior or flow coating for oil and gas pipelines,
 
Metinvest is a vertically-integrated international mining and metals company. Production facilities allow the enterprises both to satisfy their own needs in raw materials, liquid steel and semi-finished products and to be a key supplier for many other Ukrainian and European companies, as well as Asian businesses. Shareholders of Metinvest Group are SCM Group (75%) and Smart Holding (25%). Metinvest Holding is the managing company of Metinvest Group.