Metalloinvest, a leading global iron ore and hot briquetted iron (HBI) producer based in Russia, has announced its operational results for the second quarter of the current year.
Accordingly, in the given period Metalloinvest's iron ore production increased by 1.1 percent quarter on quarter to 9.653 million mt. Iron ore shipments increased by 12.9 percent quarter on quarter in the same period to 3.027 million mt.
Metalloinvest's pellet production and shipment volumes in the second quarter amounted to 5.486 million mt and 3.286 million mt, down 2.8 percent and 1.8 percent respectively, both quarter on quarter.
Metalloinvest saw a six percent quarter-on-quarter decrease in HBI/direct reduced iron (DRI) production in the second quarter of the current year to 1.308 million mt and a 2.8 percent decrease in shipment volumes to 619,000 mt compared to the previous quarter.
Crude steel production in the given period was down by 11.5 percent to 1.125 million mt , while pig iron output went up by 5.4 percent to 547,000 mt, both quarter on quarter.
