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IMH FY 2015 operational results

1 February 2016

Industrial Metallurgical Holding (IMH), the world's largest exporter of merchant pig iron and the leading producer of merchant coke in Russia, reports its operational results for FY 2015.

Production, '000 tonnes

FY 2015

FY 2014

FY2015/FY2014, %

Coal production

1 889

1 747


Coal concentrate

2 201

2 412


Coke (6% moisture content)

2 727

2 601


Iron ore production

4 962

4 885


Iron ore concentrate

2 227

2 181


Pig iron, total

2 059

2 184


Pig iron, basic

1 411

1 573


Pig iron, premium grades




In 2015 IMH Coal division increased its output by 8% y-o-y to 1.89 million tonnes of coking coal. Butovskaya coal mine production achieved 1 million tonnes (+16%). Uchastok Koksovy open pit production remained at the same level y-o-y – 0.89 million tonnes.

OAO Koks increased production of coke by 5% y-o-y from 2.60 to 2.73 million tonnes due to increased demand on global markets.

OAO Kombinat KMAruda in 2015 increased iron ore concentrate output by 2% y-o-y to 2.23 million tons. Production of iron ore rose by 2% to 4.96 million tonnes.

Gross production of pig iron at PAO Tulachermet decreased by 6% from 2.18 to 2.06 million tonnes y-o-y mainly due to the scheduled maintenance of blast furnace №3 in July 2015 and also because of higher volume of premium grade pig iron production.

Sergey Frolov, Vice President for Strategy and Communications of IMH commented on Group’s FY 2015 results:

“Despite the fact that the last year was pretty tough from economical point of view, IMH production capacity utilization remained close to 100% during 2015. All Group’s divisions were able to fulfill their annual production plans. Due to exceptional product quality and Group’s excellent reputation, demand for IMH products remained stable throughout 2015. 

The increase in the efficiency of capital investments allowed us to reduce capex by half, while fully preserving the entire scope of work for key investment projects. In 2016 we will continue implementing projects on construction of the second stage of Butovskaya mine, commissioning of the Tikhova mine and construction of the underlying lower horizon at the Gubkin mine of KMAruda. Modernization of the power facilities at Tulachermet plant will also be carried out along schedule.

In 2015 IMH continued to implement its updated development strategy, which invokes steady increase of production of high-margin products. In particular, we increased the production of premium grades of pig iron in our portfolio. In 2015, their share of the gross production volume summed up to 31% or 648 thousand tonnes (increase by 6% y-o-y). In 2014 it was 28% (611 thousand tonnes), while in 2013 - 15% (308 thousand tonnes). In 2016 due to the commission of desulphurization station at Tulachermet we expect to focus more on the premium grades of pig iron and significant reduction of production costs”.


About the company:

Industrial Metallurgical Holding (IMH) – is a vertically integrated business. It includes production of pig iron, coke and coking coal, extraction and procession of iron ore, foundry casting and powder metallurgy. IMH is the largest global exporter of merchant pig iron and the biggest Russian coke producer. The Group’s main operational business units are Coal division, Coke division, Iron Ore and Pig Iron division and Powder Metallurgy division. The Group’s key production facilities are located in Kemerovo, Belgorod, Tula and Kaluga regions of Russian Federation. 


For more information, please contact:
Maxim Lobada
Head of IR department
Tel.: +7 (495) 725-56-80 (#406)
E-mail: lobada@metholding.com
2nd Verkhniy Mikhailovskiy proezd 9, Moscow, 115419, Russia

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