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Ukraine's Metinvest to increase its HRC production aims to regain market share

8 Nov 2019 15:35 reported by Lemon

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Metinvest, one of the Ukrainian steelmakers, decided to launch a new production line at the Ilyich steel plant in Mariupol, aimed at boosting its hot-coil production, a move that would help it to regain its share from the global hot-rolled coil market.

The goal for Metinvest was to gain 4.5% of the total trading volume of the global hot-rolled coil market in 2020.

Metinvest did earn 5.2% of the market share in 2013, but after it shut down inefficient equipment in open-hearth operations and Ilyich's ingot production line, the index had decreased.

In 2019, the market share that Metinvest earned was expected to reach 3.4 million tons, counted by 3.8% of the global hot-rolled coil imports.

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