Russia: steel output up in Q3 2017
In July-September major steel companies of Russia – Severstal, NLMK, and MMK – increased output. In particular, NLMK produced 12.6 million tons of steel in 9 months, up by 3% YoY, MMK – 9.6 million tons, up by 1.9%, while Severstal dropped steel output by 1%, to 8.6 million tons. The reason of the increase…