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Monday, April 25, 2011

March shipments of Metinvest iron ore break 20 year record

Monday, 25 Apr 2011

Iron ore enrichment companies of Metinvest an international vertically integrated mining and steel group of companies have shipped more than 3 million tonnes 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 that are part of Metinvest Group Northern, Central, and Ingulets GOKs has amounted to 3,079,400 tonnes in March. This is the highest level since January 1991 when 3,043,500 tonnes 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 Iron Ore Division and the Ukrainian railways national carrier that ensured the required speed of shipment.

Mr Nikolay Ishchenko director of Iron Ore Division of Metinvest said “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 program to constantly raise production performance, ensuring our customers getting iron ore raw materials of the required quality, on time and in full volume.”
sourced steelguru

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