02
May
17:03
Yenakiieve loss drags down Metinvest first quarter output
Metinvest’s output of finished products fell -3% on-quarter in the first quarter to 1.59 million tonnes, driven by a -25% drop in long products to 355,000t, Kallanish learns from the Ukrainian steelmaker.
The longs decline is mainly due to the seizure in March of Yenakiieve Steel by separatists in eastern Ukraine. Moreover, Bulgaria-based re-roller subsidiary Promet Steel reduced output by 21,000t on-quarter in Q1 due to lack of square billet supply from Y…
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Anonymous
Very good overview of the weekly steel market.
Anonymous