Metinvest posts decline in crude steel output for Q1
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The Ukrainian mining and steel producing group Metinvest has announced that in the first quarter of 2012 its crude steel production decreased by 8.7 percent to 3.29 million mt compared to the first quarter of 2011. In addition, in the same period, Metinvest also produced 2.13 million mt of rolled steel products, down 8.9 percent year on year, including 1.42 million mt of flat products and 615,000 mt of long products.
In the given quarter, the coking coal production of Metinvest increased by 10.7 percent year on year to 2.9 million mt, while the company produced 9.18 million mt of iron ore concentrate, increasing 3.3 percent compared to the corresponding quarter of the previous year.