Metalloinvest expanded iron ore and crude steel production
Metalloinvest has announcesd its operational results for the full year 2016.
In 2016, Metalloinvest increased iron ore output by 3.1% y-o-y to 40.7 mn tonnes. In Q4 2016, the Company increased iron ore production1 to 10.3 mn tonnes, 4.0% higher q-o-q.
Annual pellet output reached 25.2 mn tonnes, up by 5.9% y-o-y, mainly due to the launch of Pellet Plant #3 at MGOK. In Q4 2016, pellet production decreased by 3.0% q-o-q to 6.3 mn tonnes.
In 2016, Metalloinvesty increased ...