Russian pig iron and coking coal producer Koks Group has announced it operational results for 2012 and the outlook for 2013.
During 2012, Koks produced 2.12 million mt of pig iron, down two percent compared to the previous year. Last year, the company's coking coal output increased by 29 percent to 1.6 million mt, while its iron ore output remained unchanged at 4.8 million mt, both year on year. In 2012, its coke output decreased by three percent to 2.6 million mt, compared to 2011.
Koks plans to commission its Butovskaya mine in spring 2013, with an annual coal extraction capacity of 500,000 mt which will be increased in the coming years. In 2013, Koks expects to produce more than 2 million mt of pig iron and around 2.5 million mt of coke. The company stated that it is carefully monitoring market fluctuations in order to adjust its production plans according to customers' needs.
