Metal & Mining Production Rises ~7% In 10M06

According to the preliminary data provided by the Ministry of Industrial Policy, most industries in the metals & mining sector grew at 7% in 10M06. Pellet production showed the highest growth on the back of strong export and domestic demand. By the end of the year, the Ministry projects metals & mining industries to post 5-6% growth rates, with the exception of pellets, which are to preserve their double digit pace at 18%.