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15 Nov
14:05

Metinvest decreases third-quarter output but longs surge

Metinvest decreased crude steel production in the third quarter by 8% on-quarter to 499,000 tonnes. This is due to the ongoing Russian-Ukrainian war and the loss of its Mariupol assets – Azovstal and Ilyich Steelworks. The company also suspended output at Avdiivka Coke plant. January-September output fell 43% on-year to 1.53 million tonnes, Kallanish notes. In addition, output has been affected by export logistics constraints amid the blockade of Ukraine&r…
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