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01 Nov
13:58

Metalloinvest Europe shipments, third-quarter output increase

Russian iron ore and steel producer Metalloinvest raised iron ore output slightly in January-September, but decreased steel production. The firm continues its drive to increase the share of high-value-added (HVA) products in the product mix to ride out economic volatility. HVA steel sales however decreased slightly. Nine-month crude steel production was down by 2.5% on-year to 3.6 million tonnes, as a result of maintenance works at OEMK’s electric arc furnac…
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