MMK announced that since the end of Q2 2011 shipments from Sosnovsky iron ore field are included in shipments from MMK iron ore base in Magnitogorsk
Captive iron ore consumption in Q3 2012 decreased 8% QoQ and amounted to 1,021 thousand tonnes
|Products||Q3 '12||Q2 '12||Change (%) |
|Iron ore (consumed at MMK), incl.:||1,021||1,107||-8% |
|MMK iron ore base at Bakal*||91||139||-35% |
|MMK iron ore base in Magnitogorsk||378||458||-17% |
Consumption of iron ore coming from Bakal in Q3 2012 amounted to 91 thousand tonnes, which is a 35% decrease from Q2 2012. This was a result of the sale of the Bakal mine in August 2012, and the subsequent exclusion of this supplier from the tally of captive iron ore consumption.
Output from slag processing rose 8% Qo Q Q3 2012 and amounted to 553 thousand tonnes. The 12% YoY decrease in the use of iron from slag processing in 9 month 2012 largely stemmed from a number of improvements made to reduce waste of primary resources and improve the quality of the agglomerate.
Source – MMK