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08 May
14:30

Metinvest production plunges in first quarter on Ukraine conflict

Ukraine’s Metinvest saw steel output plunge year-on-year across nearly all product areas in the first quarter of 2015 due to the conflict in the eastern part of the country. Only tubular products saw a rise in production volumes as raw material output also suffered. Crude steel output dropped by -39% year-on-year at Metinvest in the first quarter to 1.67 million tonnes. Hot metal production fell by -37% to 1.76mt on the same basis. Driving the decline …
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