Metinvest Cuts Iron, Slab Production on Unfavorable Prices
Investing News Network - November 30th, 2011
Bloomberg reported Metinvest (KSE:AZST) said it will cut output of iron and merchant slab at its Azovstal plant in December.
Bloomberg reported Metinvest (KSE:AZST) said it will cut output of iron and merchant slab at its Azovstal plant in December.
As quoted in the market news:
Iron production will be 13.7 percent lower next month than initially planned and merchant slab production will be 29 percent lower than planned for December, the company’s press service said today in an e-mailed statement.