OREANDA-NEWS. Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies (jointly referred to as “Metinvest” or “the Group”), today announces its operational results for the second quarter and the first six months ended 30 June 2013.

2Q 2013 HIGHLIGHTS

Production of crude steel up 1% q-o-q to 3,138 thousand tonnes

Production of iron ore concentrate virtually unchanged q-o-q at 9,339 thousand tonnes

Mining of coking coal up 5% q-o-q to 3,028 thousand tonnes

1H 2013 HIGHLIGHTS

Production of crude steel down 8% y-o-y to 6,239 thousand tonnes

Production of iron ore concentrate up 2% y-o-y to 18,664 thousand tonnes

Mining of coking coal down 3% y-o-y to 5,924 thousand tonnes

METALLURGICAL DIVISION

In 2Q 2013, Metinvest produced 2,873 thousand tonnes of hot metal, up 6% q-o-q, and 3,138 thousand tonnes of crude steel, up 1%. The latter increase was primarily driven by an increase in production at Yenakiieve Iron and Steel Works (“Yenakiieve Steel”) of 100 thousand tonnes, offset by a decrease at Ilyich Iron and Steel Works (“Ilyich Steel”) of 71 thousand tonnes.

In 1H 2013, crude steel production dropped to 6,239 thousand tonnes, down 8% y-o-y, as output fell by 167 thousand tonnes at Azovstal Iron and Steel Works (“Azovstal”), 306 thousand tonnes at Ilyich Steel and 35 thousand tonnes at Yenakiieve Steel.