Metalloinvest, a leading global iron ore and hot briquetted iron (HBI) producer based in Russia, has announced its operational results for the third quarter of the current year.
Accordingly, in the third quarter, Metalloinvest's iron ore production decreased by 0.9 percent quarter on quarter to 10.01 million mt, largely as a result of scheduled maintenance works and a change in the ore mixture. Its iron ore shipments declined by 2.5 percent quarter on quarter in the same period to 2.54 million mt.
The company’s pellet production and shipment volumes in the given quarter amounted to 6.32 million mt and 3.04 million mt, up 0.9 percent and 0.4 percent respectively, both compared to the previous quarter.
In the third quarter this year, Metalloinvest's crude steel production increased by 6.7 percent to 1.21 million mt, due to the completion of the scheduled maintenance works at its subsidiary Oskol Metallurgical Plant (OEMK) in the second quarter this year, while its pig iron output fell by 3.4 percent to 672,000 mt, mainly due to maintenance works at pig iron casting machine No. 1 at Ural Steel, both year on year.