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22 Jan
10:55

MMK Metalurji reduces output, sales in weak market

MMK Metalurji’s output and sales continued to decline in the fourth quarter and the whole of 2019. Ongoing challenges in the Turkish domestic and export flat products markets, economic instability, and an overall weak global steel market sentiment all contributed. The steelmaker managed to offset the negative impact of weak Turkish domestic demand throughout 2019 by increasing export sales to Europe and Middle East by 33% on-year. So says Russian p…
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