Russia's Metalloinvest, the largest producer of hot-briquetted iron (HBI) in the world, increased shipments of the product in the January-March quarter, the company said in its operational report.
Metalloinvest shipped 1.189 million tonnes of HBI in the first quarter, a nearly 11% increase from 1.072 million tonnes in the preceding three months and up 73% from 687,000 tonnes in the first quarter of last year due to the start of Metalloinvest's HBI-3 Plant at its Lebedinsky GOK facility in July 2017.Russia exported 2.8 million tonnes of HBI last year, according to data from the International Iron Metallics Association (IIMA). All of the material was...