18
Apr
11:45
High stocks, maintenance limit second-quarter sales, says MMK
MMK says sales growth will be limited in the second quarter by high stocks in Russian domestic traders’ warehouses and continued maintenance on rolling mills. This will be offset, however, by higher domestic sales prices and reduced raw materials prices versus Q1.
MMK’s consolidated steel sales were flat on-quarter in Q1 at 2.83 million tonnes. A -1.6% and -17% drop in hot rolled coil and long products sales respectively to 1.2mt and 284,000t wa…
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Anonymous
Very good overview of the weekly steel market.
Anonymous