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Article: Interfax Russia & CIS Metals and Mining Weekly.
- Article from:
- Mining & Metals Report
- Article date:
- May 21, 2009
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IN BRIEF
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*** Russian industrial output plummeted 14.9% year-on-year in January-April, Rosstat reported this week. Industrial decline accelerated in April, with output down 16.9% year-on-year in that month alone, considerably the biggest drop since the crisis began. Finished iron and steel roll production fell 27.7%, coke 29.5%, steel pipes 30.1% and iron ore 18.2%. Industry and Trade Minister Viktor Khristenko called the year the most difficult ever for industry, say steel has been particularly badly hit. "Investment projects at Russian metallurgical companies are in the heightened risk zone and warrant heightened attention," he said. ...