Metalloinvest, a leading global iron ore and hot briquetted iron (HBI) producer based in Russia, has announced its operational results for the first quarter of the current year.
Accordingly, in the given quarter Metalloinvest's iron ore production decreased by 0.2 percent quarter on quarter to 9.7 million mt. Its iron ore shipments decreased by 9.7 percent quarter on quarter in the same period to 2.5 million mt.
Metalloinvest's pellet production and shipment volumes in the first quarter amounted to 5.8 million mt and 3.4 million mt, up 2.8 percent and down 2.9 percent respectively, both quarter on quarter.
In the first quarter, Metalloinvest's crude steel production was down 1.9 percent to 1.1 million mt, while its pig iron output decreased by 0.8 percent to 622,000 mt, both quarter on quarter.