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31 Oct
16:14

Metalloinvest sees stronger third-quarter domestic iron ore demand

Metalloinvest reported a 2.4% on-quarter growth in hot-briquetted iron/direct reduced iron shipments to 994,000 tonnes in the third quarter. Iron ore pellet sales rose 0.4% to 3.04 million tonnes, but iron ore concentrate and sintering ore sales fell -2.5% to 2.55mt. Iron ore segment sales to Russia increased 15.3% in Q3 to 4.16mt as a result of stronger demand from major steelmakers such as Evraz, Severstal and Mechel. Sales to the Middle East and North Africa …
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