Russia’s IMH’s increases output at Tula Steel, cuts merchant pig iron volumes

Russian group Industrial Metallurgical Holding (IMH) is increasing the steel output from its new Tula Steel subsidiary, which is reducing the volumes available from merchant pig iron-making asset Tulachermet, Fastmarkets learnt during the week ended Friday July 19.

So far in July, Tula Steel has been operating at a utilization rate of more than 50%, making around 70,000 tonnes of long steel products, mainly rebar, and selling this on the local Russian market, a source inside the company told Fastmarkets. In August, the utilization rate of the mill is intended to reach 80%, the source added. “We are cutting pig iron availability for the market due to...

Published

Marina Shulga

July 19, 2019

19:15 GMT

Dnepr