Russia: Metalloinvest crude steel output up 4.6% in H1 CY ’20

Russian steel giant Metalloinvest posted increase in its consolidated crude steel output by 4.6% during H1 CY ’20 by producing 2.54 mn t against 2.43 mn t in H1 CY ’19, mainly due to increase in productivity following a change in the product mix at company’s OEMK plant and reconstruction of FMF #2 at Ural Steel. In Q2 CY ’20, it produced 1.27 mn t crude steel, up 2% y-o-y.