19
Mar
00:00
Scrap stock sales boost MMK Metalurji Q4 revenue 5%, but hit ebitda
MMK Metalurji, the Turkey-based cold roller and galvanizer subsidiary of Russia’s MMK, reported a 5% quarter-on-quarter increase in revenue in Q4 2014 to $173 million. This happened, despite a -6.4% decline in shipments, due to sales of old scrap stocks, Kallanish learns from MMK.
Fourth-quarter Ebitda declined -37% to $5m due to a seasonal decrease in sales volumes at the end of 2014. Losses from sales of the old scrap stocks, resulting from the diffe…
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Anonymous
Very good overview of the weekly steel market.
Anonymous