16
May
13:22
Metinvest decreases first-quarter output but longs grow
Metinvest decreased crude steel production in the first quarter by 8% on-year to 1.96 million tonnes, Kallanish notes. Hot metal production also fell by 15% to 1.8mt.
The decline is perhaps seemingly moderate given that the steelmaking group placed several of its assets in hot conservation mode, including Azovstal, Ilyich Steel, Avdiivka Coke and Zaporizhia Coke, following Russia’s invasion of Ukraine on 24 February.
“Until the active phase of the war…
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Anonymous
Very good overview of the weekly steel market.
Anonymous