22
Aug
16:21
Metalloinvest first-half profit surges despite ore sales drop
Russian iron ore miner and steelmaker Metalloinvest produced 20 million tonnes of iron ore in the first half of 2018, unchanged on-year, but increased output of all other products. The company reduced iron ore shipments considerably in H1, by -31.8% to 3.7mt, as it increased shipments of higher-added-value (HVA) products.
Iron ore pellet output increased by 11.4% to 13.6mt as a result of fewer maintenance works and production logistics modification to meet …
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Very good overview of the weekly steel market.
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