Magnitogorsk Says April Steel Output Rose 51% From Year Earlier

OAO Magnitogorsk Iron & Steel said it increased production of steel products 51 percent last month from a year earlier.

Magnitogorsk produced 912,000 metric tons of steel products in April, spokesman Yevgeny Kovtunov said in an e-mailed response to questions today. That equates to a 1.3 percent increase from March, according to Bloomberg data.

Cold-rolled steel output rose the most in April, climbing 10 percent to 103,000 tons from the previous month on higher demand from automakers, Kovtunov said.

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: Tony Barrett at Tbarrett4@bloomberg.net

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