In Q1 Metalloinvest produced 10.07 Mt of iron ore, up by 0.4% YoY.
Production of nodules grew by 0.2%, to 5.98 Mt, while production of direct reduced iron dropped by 0.6%, to 1.47 Mt. Pig iron production dropped by 14.6%, to 0.64 Mt. Steel smelting increased by 12.6%n to 1.23 Mt.
In Q1 iron ore exports reached 2.79 Mt (-1.4% YoY). Nodules supplies increased by 4.6%, to 3.24 Mt, while supplies of direct reduced iron dropped by 9.6%, to 0.60 Mt compared with Q1 2016. Iron ore domestic supplies dropped by 53% due to increase in export supplies.
Steel products dispatch in Q1 reached 1.1 Mt (+13.7% YoY). Commercial pig iron export reached 0.47 Mt (-17.9%) due to, among other reasons, increase in own steel production.
Russia accounts for 31% in the total steel products supplies against 20% in Q1 2017. (MetalInfo/Ukrainian metal)