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 2013.
Accordingly, in the given period Metalloinvest's iron ore production decreased by 1.8 percent quarter on quarter to 9.545 million mt. Iron ore shipments decreased by 15.1 percent quarter on quarter in the same period to 2.68 million mt.
Metalloinvest's pellet production and shipment volumes in the first quarter amounted to 5.644 million mt and 3.346 million mt, up three percent and down 7.4 percent respectively, both quarter on quarter.
Metalloinvest saw an 11 percent quarter-on-quarter increase in HBI/direct reduced iron (DRI) production in the first quarter of the current year to 1.392 million mt and a 24.7 percent increase in shipment volumes to 0.637 million mt compared to the previous quarter.
Crude steel production in the given period was down by 9.1 percent to 1.271 million mt , while pig iron output went up by 7.9 percent to 519,000 mt, both quarter on quarter.