Russia: MMK steel output up in Q1 2017

In January-March MMK produced 3.066 million tons of steel, up by 1.4% YoY. According to the company statement, the total loading of capacities at the main site in Magnitogorsk exceeded 94%. Product sales dropped by 2.3% YoY, to 2.723 million tons. High added value products manufacture increased by 5.1%, to 1.313 million tons. The share…

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Russia acknowledges supplying raw materials to Donbass metal works

The head of the Russian Federal Agency on state reserves Dmitry Gogin confirmed that Russia was supporting Donbass enterprises. Earlier the head of the Russian commission “on humanitarian aid” to the territories of the south-eastern districts of Donetsk and Lugansk regions of Ukraine Sergey Nazarov declared, that “companies, affected by the economical and transport blockade,…

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