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Ukraine’s Metinvest to cut production

It is reported that Ukraine’s Metinvest has forced to cut production due to the crisis in east Ukraine.

The company said it will not accept new orders temporary; however, it had received many bookings for August and September.

The largest steelmaker in Ukraine said its crude steel production rose by 8% in the second quarter, reaching 2.97 million tons from the previous quarter.

However, the company’s total crude steel output in the first six months dropped by 8% to 5.73 million compared to the same period last year.

Source – yieh


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