Kazakhstan-based mining group Eurasian Natural Resources Corporation Plc. (ENRC) has announced that in the second quarter of the current year it registered a ferroalloy output of 377,000 mt down 1.3 percent year on year, but increasing by 0.5 percent compared to the previous quarter. In the given quarter, the company's iron ore pellet output declined 14.4 percent year on year and by five percent quarter on quarter to 1.8 million mt.
ENRC stated that its ferroalloy and iron ore divisions operated slightly below their full available capacity due to a temporary decline in ore quality as well as repairs at the company's own railways, which resulted in lower volumes of ore available for processing.
"Overall, the outlook for demand of our products remains strong despite the challenging market conditions." ENRC's CEO Felix J. Vulis said.