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March shipments of Metinvest’s iron ore break 20-year record

21 April 2011 // Press centre Metinvest Group

Iron ore enrichment companies of Metinvest, an international vertically integrated mining and steel group of companies, have shipped more than 3 Mtonnes of iron ore raw materials in March having reached therefore the highest level of monthly shipments since 1991. The main supply destinations are Ukraine, Central and Eastern Europe, and China.

The total volume of raw materials shipped by the three iron ore enrichment works (GOKs) that are part of Metinvest Group – Northern, Central, and Ingulets GOKs – has amounted to 3,079.4 Ktonnes in March. This is the highest level since January, 1991, when 3,043.5 Ktonnes were dispatched to customers. The main consumers of iron ore raw materials in Ukraine are steelmaking enterprises of Metinvest Group.

The record shipment is a result of the well coordinated work of GOKs, the logistics service of Metinvest’s Iron Ore Division and the “Ukrainian railways” national carrier that ensured the required speed of shipment.

«Vertical integration and an integrated production and sales planning center allows us to respond flexibly to the needs of steel producers. Our iron ore enrichment works consistently implement the continuous improvements programme to constantly raise production performance, ensuring our customers getting iron ore raw materials of the required quality, on time and in full volume», – noted Nikolay Ishchenko, director of Iron Ore Division of Metinvest.

Editorial notice:

Metinvest is an international vertically integrated mining and steel group of companies, operating assets in each link of the production chain from iron ore and coal mining and coke production, through to semi-finished and finished steel production, pipe rolling and coil production and production of other value-added products. The Group comprises mining and steel production facilities located in Ukraine, Europe and the USA and has a sales network covering all key global markets. The major shareholders of Metinvest are SCM Group (75% ownership) and Smart-Holding (25% ownership) partnering in Company’s management.

METINVEST HOLDING, LLC – is the managing company of Metinvest Group.