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23 Apr
13:28

EU quota termination slashes MMK Metalurji first-quarter sales

MMK Metalurji ramped up sales in the first quarter versus Q4 2019, but sales declined compared to Q1 2019. The on-year decline was on the back of the early termination of EU import quotas for polymer-coated steel products from Turkey, the company says. The spread of Covid-19 exerted additional pressure on the market during Q1. The steelmaker clocked up Q1 sales totalling 167,000 tonnes, up 5.1% on-quarter but -4.9% down on-year. Sales of higher-value-added (HVA) p…
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