Russian pig iron and coking coal producer Industrial Metallurgical Holding (KOKS Group) has announced its operational results for the first quarter of the current year.
Accordingly, IMH (KOKS Group) produced 560,000 mt of pig iron in the first quarter, increasing by four percent quarter on quarter.
In the first quarter this year, the company's coal output increased by 79 percent to 579,000 mt, while its iron ore output amounted to 1.25 million mt, down one percent, both quarter on quarter.
Meanwhile, in the given quarter, the company's coke output increased by three percent to 699,000 mt compared to the previous quarter.
IMH stated that in the first quarter this year there was a significant rise in prices for all of IMH’s products, including pig iron. The company also noted a positive trend in demand from its main customers; the EU and the United States. In the given quarter, IMH operated at full production capacity and it expects that this trend will continue throughout the second quarter.