Russian Steel Market Booming, but Tinplate Production Down

ITRI.com reports that despite a boom in the Russian steel market, tinplate production has fallen.

The story is quoted as saying:

Russia’s only tinplate producer, Magnitogorsk Iron & Steel Works (MMK) reported a 17% increase in its finished steel production in 2010, with domestic sales growing by 44% as it gained share in the local market. However the company’s tinplate production fell by 2% to 208,000 tonnes. Fourth quarter production, at 42,000 tonnes, was 3% up on the same period of 2009. Overall the company is positive about prospects for 2011 for steel consumption in Russia and plans to raise total production to 12 million tonnes this year.

To access the full story, click here.

Get the Latest Tin Investing Stock Information

Get the latest information about companies associated with Tin Investing delivered directly to your inbox.

Tin

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

FREE Report - How Will Trump Affect Your Gold Investments? 

Trump’s policies are affecting gold. You should know what’s going on. Click here to get our FREE report.

Click here to get your free report!

Discover what the experts see coming in the Age of Trump with our INN Insider's Report free of charge! Includes expert insights into Trump and his effect on mining and gold.

 
Comments

Leave a Reply