Russia’s Metalloinvest begins building $850 mln iron product plant

MOSCOW Oct 9 (Reuters) – Russian iron ore producer Metalloinvest has begun construction of one of the world’s largest hot briquetted iron (HBI) plants, an estimated $850 million investment to strengthen its position in the European market for intermediate steelmaking ingredients.

Read more at: http://af.reuters.com/article/energyOilNews/idAFL6N0S43PM20141009

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