In January-March Evraz halted its Sukhaya Balka Works temporarily because of the low demand for iron ore.
Ore output at the works in Q1 decreased by 21.3% YoY, or by 24.4% QoQ, to 525 thousand tons.
“Production resumed in April. And we expect output volume to reach the planned target in Q2”, said Evraz in its statement.
In January-March ore price at Sukhaya Balka fell to $18 per ton EXW from $21 in Q4 2015 and $32 in Q2 2015. (Ukrainian metal)