You're reading: Azovstal sees 11% decline in rolled stock output in 2015

Mariupol-based Azovstal metallurgical plant saw an 11% decline in output of rolled products in 2015 from 2014, to 2.904 million tonnes.

Steel production decreased by 10.9% last year, to 3.206 million tonnes, that of pig iron fell by 10.3% to 2.825 million tonnes, a spokesman for the plant told Interfax-Ukraine.

The plant did not produce sinter cake as its sinter plant stood idle. In December 2015, Azovstal produced 144,000 tonnes of rolled stock, 175,000 tonnes of steel, and 181,000 tonnes of pig iron, whereas in November 2015 its output included 173,000 tonnes of rolled stock, 185,000 tonnes of steel, and 173,000 tonnes of pig iron.

Azovstal General Director Enver Tskitishvili wrote on Facebook that in 2015 the company would be repeatedly tested for strength, and the new year is bringing new economic challenges, which will be overcome.

Azovstal belongs to the Metinvest Group whose major shareholders are Donetsk-based PrJSC System Capital Management with 71.24% and Smart-Holding with 23.76%.Metinvest Holding LLC is the managing company of the Metinvest Group.