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Metalloinvest’s iron ore output up 2.3 percent in Q2 from Q1 level

Thursday, 02 August 2018 14:02:00 (GMT+3)   |   Istanbul
       

Metalloinvest, a leading global iron ore and hot briquetted iron (HBI) producer based in Russia, has announced its operational results for the second quarter of the current year.

Accordingly, in the given quarter Metalloinvest's iron ore production increased by 2.3 percent quarter on quarter to 10.12 million mt, mainly due to improved productivity. Its iron ore shipments decreased by 3.9 percent quarter on quarter in the same period to 1.8 million mt.

Metalloinvest's pellet production and shipment volumes in the second quarter amounted to 6.95 million mt and 3.56 million mt, up four percent and 15.4 percent respectively, both compared to the previous quarter.

In the second quarter, Metalloinvest's crude steel production rose by 1.9 percent quarter on quarter to 1.26 million mt, largely a result of the increased operations at Ural Steel's continuous casting machine No. 1 to meet the growing demand for cast billets, while its pig iron output rose by 2.9 percent to 737,000 mt compared to the first quarter.


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