Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 15,294.50 -12.67 -0.08%
S&P 500 1,650.51 -4.84 -0.29%
Nasdaq 3,459.42 -3.88 -0.11%
Ticker Volume Price Price Delta
STOXX 50 2,772.42 -4.36 -0.16%
FTSE 100 6,658.13 -38.66 -0.58%
DAX 8,296.26 -55.72 -0.67%
Ticker Volume Price Price Delta
Nikkei 14,612.50 +128.47 0.89%
Hang Seng 22,618.70 -51.01 -0.23%
S&P/ASX 200 4,983.50 -78.95 -1.56%

Metinvest Cuts Iron, Slab Production on Unfavorable Prices

Metinvest, Ukraine’s biggest steelmaker, said it will cut output of iron and merchant slab at its Azovstal (AZST) plant in December due to low demand and unfavorable prices.

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.

Metinvest will also cut its production plans for the first quarter of next year, according to the statement.

To contact the reporter on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.

Sponsored Link