23
Mar
17:45
MMK locks in supply to Turkish asset
Russia's Magnitogorsk Iron and Steel (MMK) will supply around 1.08 million tonnes of steel products to its Turkish subsidiary, MMK Metalurji, before the end of 2022, Kallanish learns from the company.
The deal locks in supply of flat rolled steel products to the Turkish subsidiary, for further processing. The value of the agreement is around $550 million, clocking the average price per tonne of supplied product at around $509/t. The contract value represents a…
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Anonymous
Very good overview of the weekly steel market.
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