19
Mar
00:00
MMK sees 3-4% sales growth in Q1, reduced capex in 2015
Magnitogorsk Iron and Steel Works (MMK) has seen a “continuously high level” of demand for its products in the domestic market so far in the first quarter, foreseeing a 3-4% on-quarter sales growth. Increased tonnages however will be partially offset by a delayed domestic price recovery to export parity level after the rouble slump in December, the Russian steelmaker says.
Nevertheless this lag between domestic and export prices has improved the …
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Anonymous
Very good overview of the weekly steel market.
Anonymous