The Russia-based Metalloinvest, a major global iron ore and hot briquetted iron producer, announced a decrease in iron ore output during the first quarter of 2012 when compared with last year’s results.
During the first quarter, the company experienced a decrease in iron ore production by 0.3 percent year-on-year to 9.9 million metric tons. Iron ore shipments increased year-on-year during Q1 by 6.3 percent to 2.919 million metric tons, SteelOrbis reports.
The shipment volumes and pellet production in the first quarter for Metalloinvest were 3.388 million metric tons and 5.8 million metric tons, down four percent and up 1.9 percent respectively year-on-year. The company experienced a 5.1 percent increase year-on-year in HBI/direct reduced iron production during the first quarter of 2012 to 1.386 million metric tons along with a 5.1 percent increase in shipment volumes to 641,000 metric tons.
Pig iron output decreased 8.9 percent during the time period to 563,000 metric tons and crude steel production went down 5.6 percent to 1.4 million metric tons during the first quarter, according to SteelOrbis.
During Q1, shipments of HBI/DRI, pellets and iron ore to the domestic market grew by 8.7 percent quarter-on-quarter to 3.6 million metric tons. The growth was the result of an increase in deliveries to major Russian steelmakers like MMK and NLMK based on long-term contracts.