Metalloinvest, a leading global iron ore and hot briquetted iron (HBI) producer based in Russia, has announced its operational results for the second quarter of the current year.
Accordingly, in the given quarter Metalloinvest's iron ore production remained almost stable quarter on quarter at 10.1 million mt. Its iron ore shipments decreased by 6.4 percent quarter on quarter in the same period to 2.61 million mt.
Metalloinvest's pellet production and shipment volumes in the second quarter amounted to 6.26 million mt and 3.02 million mt, up 4.8 percent and down 6.6 percent respectively, both compared to the previous quarter.
In the second quarter, Metalloinvest's crude steel production declined by 7.4 percent quarter on quarter to 1.14 million mt, due to scheduled maintenance works and reconstruction of the continuous casting machine at its subsidiary Ural Steel, while its pig iron output rose by 8.4 percent to 696,000 mt compared to the first quarter.