31
Jan
14:11
Metinvest pumps $273m into iron ore, suffers shelling
Metinvest plans to inject UAH 7.4 billion ($273.2 million) into the development of Central GOK, Ingulets GOK and Northern GOK in 2017, a fourfold increase on last year. This is designed to increase output, improve quality and reduce cost of production of iron ore at the three sites.
Separately, Metinvest has called for an end to shelling that has caused a fresh power outage at Avdiivka Coke, resulting in the coke plant having to be hot mothballed. The entire cit…
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Very good overview of the weekly steel market.
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