03
Feb
14:47
Metalloinvest's 2020 steel output increases, pig iron falls
Metalloinvest produced 5 million tonnes of crude steel in 2020, up by 2% on-year. This was due to reconstruction of electric arc furnaces using FMF technology at Ural Steel in 2019, optimisation of repair time at OEMK and the recovery in demand for rolling mill 2800's products, the company says.
Fourth-quarter crude steel output increased by 2.3% on-quarter to 1.22mt, Kallanish notes.
Total steel shipments increased 1.5% on-year in 2020 and 3.1% o…
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Very good overview of the weekly steel market.
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