Russia’s leading steelmaker Magnitogorsk Iron & Steel Works has reported that its steel output fell by 14.0% YoY to 11.687 million tonnes driven by overhauls at blast-furnace facilities and unfavorable conditions on export markets amid the last year’s high base and sales of metal products amounted to 10.703 million tonnes, down by 14.2% YoY, due to existing restrictions on export markets, overhauls of main equipment at the beginning of the year and a significant slowdown in business activity on international markets.Steel segment Russia - 10.794 million tonne, down 19% YoYSteel segment Turkey - 0.892 million tonne, up 184% YoYPig iron production -9.078 million tonne, down 13% YoYCoal concentrates production - 3.512 million tonne, up 2% YoYIron ore production 2.393 - million tonne, down 18% YoY Finished products sales - 10.703 million tonne, down 14% YoYDomestic market + CIS - 9.176 million tonne, up 1% YoYExports - 1.526 million tonne, down 55% YoY
Russia’s leading steelmaker Magnitogorsk Iron & Steel Works has reported that its steel output fell by 14.0% YoY to 11.687 million tonnes driven by overhauls at blast-furnace facilities and unfavorable conditions on export markets amid the last year’s high base and sales of metal products amounted to 10.703 million tonnes, down by 14.2% YoY, due to existing restrictions on export markets, overhauls of main equipment at the beginning of the year and a significant slowdown in business activity on international markets.Steel segment Russia - 10.794 million tonne, down 19% YoYSteel segment Turkey - 0.892 million tonne, up 184% YoYPig iron production -9.078 million tonne, down 13% YoYCoal concentrates production - 3.512 million tonne, up 2% YoYIron ore production 2.393 - million tonne, down 18% YoY Finished products sales - 10.703 million tonne, down 14% YoYDomestic market + CIS - 9.176 million tonne, up 1% YoYExports - 1.526 million tonne, down 55% YoY
