Author: Lalita
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Russia: Metalloinvest to set up new HBI plant; Q3 crude steel output drops
Metalloinvest Group, one of Russia’s leading steelmakers, swill set up a new HBI plant of 2.8 million tonnes (mn t) capacity at its LGOK facility, the company informed in its quarterly report. This will be the company’s fourth HBI facility. This project will strengthen the company’s position in the HBI market while transitioning to greener…