In October railroad transported 9.8 million tons of iron ore, up by 10.1% YoY.
In 10 months 96.3 million tons of ore were transported, up by 5.5%.
In October local transportation grew by 13%, while exports dropped by 7% due to the decrease of supply to Turkey (2-fold) and China (by 25%).
At the same time exports increased MoM because of the growth of supplies to the Netherlands and France.
In October it became known that Severstal intended to invest 25 billion rubles in the modernization of the Yakovlevskiy Mining and Processing Works in Belgorod region until 2023. The ore output is expected to increase from 878 thousand tons per year to 5 million tons.
Evraz plans investing 6.8 billion rubles in the reconstruction of the Tashtagol mine in Kemerovo region and finish the work in H2 2019, increasing iron ore output from 2.2 million tons to 3.25 million tons per year. (Ukrainian metal)