Russia: Metalloinvest’s steel shipments decline in H1 CY’21

Highlights of Metalloinvest’s iron ore and steel product shipments:

• Steel shipments fell by 6.7% to 2.29 mn t in H1 due to decline in shipments to China. In Q2, shipments were recorded at 1.12 mn t, down 3.3% q-o-q.
• Pig iron shipments were up by 1.85% to 716,000 t in H1.
• HBI/DRI shipments decreased by 11% to 2.11 mn t in H1.