25
Jul
12:41
MMK’s Q2 earnings surge but demand slowdown foreseen
MMK revenue rose 16.5% on-quarter in the second quarter to RUB 224.8 billion ($2.63 billion) thanks to increased premium products sales amid strong Russian domestic demand, the firm says.
Ebitda also increased, by 20%, to RUB 50.6 billion, mainly reflecting an increase in the share of premium products in the sales portfolio, Kallanish notes.
Capital expenditure in Q2 increased by 12% on-quarter to RUB 24 billion due to the implementation of investment projects. I…
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Anonymous
Very good overview of the weekly steel market.
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