Magnitogorsk Iron &Steel Works reported operating results for the fourth quarter and full year of fiscal 2016. For the quarter, the company reported total crude steel output totalled 3,157,000 tonnes (down 0.7% quarter-on-quarter). HVA steel product output was 1,328,000 tonnes (up 2.0% quarter-on-quarter). Production of Belon coal concentrate amounted to 735,000 tonnes against 712,000 tonnes in the third quarter of 2016. Iron ore production was 810,000 tonnes against 824,000 tonnes in the third quarter of 2016. For the year, the company reported total crude steel output totalled 12,544,000 tonnes (up 2.5% year-on-year). HVA steel product output in fiscal year 2016 was 5,299,000 tonnes (up 1.5% year-on-year). Production of Belon coal concentrate amounted to 2,870,000 tonnes against 2,822,000 tonnes reported last year. Iron ore production was 3,260,000 tonnes against 3,215,000 tonnes reported last year.