09
May
18:14
Costlier raw materials negate MMK first-quarter shipment increase
MMK’s Russia steel segment saw flat revenue on-quarter at $1.9 billion in the first quarter, as costlier raw materials offset increased finished steel shipments. Slab cost of sales rose $20/tonne to $300/t as a result of the higher raw materials prices and a stronger rouble versus the dollar.
Segment Ebitda fell -5.4% on-quarter in Q1 to $521 million. One-off events that affected Ebitda were a $27m increase in inventory profit due to accumulation of turnov…
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Anonymous
Very good overview of the weekly steel market.
Anonymous