Breaking News


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

To contact the editor responsible for this story: Tony Barrett at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.