19
May
01:00
Raw material decline good for Russias MMK
The fall in iron ore prices is good news for Russian steel group, MMK in Magnitogorsk, according to Moscow-based equity analysts, BCS Financial Group. Iron ore fell below the $100/tonne mark during Monday 19 May.
Raw materials have continued to decline, with iron ore falling 2.9% week-on-week, BCS reported in its Steel Weekly round-up of Russian equities earlier in the day. This is “good for MMK, what with it being the only [Russian] stock lacking…
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Anonymous
Very good overview of the weekly steel market.
Anonymous