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06 Nov
15:29

Lower sales, prices cut MMK Metalurji’s Q3 revenue

Turkish cold roller and galvanizer MMK Metalurji’s revenue declined -13.2% quarter-on-quarter to $132 million in the third quarter, its Russia-based parent firm, MMK, says. “This reduction was due to lower sales volumes during the quarter, as well as lower prices on the Turkish market,” MMK says in its Q3 consolidated financial statement seen by Kallanish. In October, MMK announced a -5.6% q-o-q fall in the finished product sales of its Turk…
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