IMH OPERATIONAL RESULTS FOR 1Q 2021

Industrial Metallurgical Holding (IMH), one of the world’s leading supplier of merchant pig iron and the biggest merchant coke producer in Russia, announces its operational results for 9M 2020.

Key operational and sales results summary: 

Pig iron output increased 7% to compare with the same period of 2020 which was a result of stable operations of Tulachermet’s production facilities achieved after successful maintenance and modernization. Sales volumes increased 6% to 663 thousand tons. Share of pig iron export sales in the total sales volume amounted to 54%, 25 p.p. up to compare with the same period of 2020 which was mainly a result of significant export price growth and favorable exchange rate.

Coke production and sales volume was stable to compare with the level of 1Q 2020. Demand for coke in the reporting period was bounded by high export prices.

Coal extraction increased 13% due to efficient operations of Tikhova mine and Uchastok Koksoviy open pit mine. The company’s production plan was almost achieved due to successful implementation of a number of technical solutions at Tikhova mine and stable production level at Uchastok Koksoviy.

Coal concentrate production volume slightly decreased to compare with 1Q 2020, at the same time iron ore concentrate production was stable to compare with the level of 1Q 2020.

During the reporting period and April 2021, all the Group’s enterprises operated normally and in compliance with all the norms and recommendations of the relevant ministries and departments regarding prevention of the spread of infectious diseases.