23
Jun
01:00
Russia's MMK expects ongoing Q2 growth as domestic steel prices rise
Russia’s Magnitogorsk Iron and Steel Works (MMK) reports higher domestic prices in the current quarter, and increased production and sales volumes compared to Q1.
These mean continued turnover growth for Q2, while declining iron ore prices will also support the group’s Q2 results, it forecasts. A fall in MMK’s “key raw materials prices, and effective cost management allowed [the group to lower its Q1] cash cost of slab by more tha…
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Anonymous
Very good overview of the weekly steel market.
Anonymous