“If measures are prolonged at Italian assets, and the European market remains unstable, Metinvest expects production cuts at its Ukrainian assets - mainly at Azovstal,” the company said. “We considering the possibility of stopping slab production completely at this asset.”
Overall slab exports from Ukraine, where Metinvest is the only steel slab producer, totaled 3.19 million tonnes in 2019, according to the International Steel Statistics Bureau (ISSB).
Slab shipments to the market from Metinvest’s Azovstal and Ilyich Iron & Steel Works in Mariupol made up 1.94 million tonnes of that total in 2019, according to company’s financial report.
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