Mining giant EVRAZ said that consolidated crude steel production increased by five per cent from the fourth quarter of 2011 to the first quarter of 2012 as growth in Russia, North America and South Africa offset declines in output in Ukraine and Europe.
The firm produced 4.325m tonnes of crude steel in the first three months of the year, compared with 4,136m tonnes in the preceding quarter (+4.6%) helped by the completion of maintenance works at EVRAZ ZSMK steel mill in Russia, EVRAZ Pueblo and Regina in North America. However, when compared with the first quarter of 2011, output fell by 1.4%.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Reducing cash ISA limit will make lending difficult and expensive, warn providersAn open letter from the Building Societies Association has urged the chancellor to keep the cash ISA limit at £20,000. We look at whether a smaller cash ISA allowance will make it harder to get a mortgage or loan
-
Nvidia becomes world's first $4 trillion companyThe AI boom has catapulted Nvidia’s share price to astronomic heights, becoming the world’s most valuable company and the first to pass the $4 trillion milestone
