03
Mar
16:09
MMK's output, sales grow in 2021
Russia’s Magnitogorsk Iron and Steel (MMK) expects its output to decline in the first half of 2022 on the back of the ongoing major blast furnace shop upgrades, due to be completed by May. The firm expects to work at maximum capacity utilisation in H2, it says.
The company says it is restructuring in accordance with EU and US sanctions legislation, while noting its liquidity has been unaffected by sanctions as it works with non-sanctioned banks and the…
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Anonymous
Very good overview of the weekly steel market.
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