In January-March Metalloinvest produced 600 thousand tons of pig iron, down by 8.5% YoY.
According to the company statement, the decrease of the output has to do with the repairs of a blast furnace, as well as the shorter calendar work time.
Steel output increased by 1.1%, to 1.2 million tons. Russia’s share in the company sales dropped to 31% from 33% in the previous quarter.
Shares of Europe, Near East and North Africa decreased to 10% and 18% from 14% and 25% in Q4 2016 respectively, mostly because of the growth of exports to the North America, Indonesia, Japan and Thailand. (Ukrainian metal)