Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Magnitogorsk Advances Most in Week on Steel Output

July 19 (Bloomberg) -- OAO Magnitogorsk Iron & Steel advanced the most in almost a week after Russian billionaire Viktor Rashnikov’s steelmaker said crude steel production increased 9 percent in the second quarter.

The stock climbed 0.4 percent to 21.683 rubles at the close in Moscow, its biggest gain since July 13, and earlier traded for as much as 21.994 rubles.

Crude steel output rose to 2.99 million metric tons from the previous three months, while sales of finished products added 7 percent to 2.62 million tons, Magnitogorsk said in a regulatory filing today.

To contact the reporter on this story: Jason Corcoran at Jcorcoran13@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.