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17 Jul
13:15

MMK foresees increased third-quarter sales, limited price correction

MMK foresees increased finished product sales in the third quarter following the completion of scheduled maintenance and continuation of domestic market demand. The stabilisation of export prices should support domestic prices and limit their correction over summer, the Russian steelmaker says in a report sent to Kallanish. MMK’s standalone finished steel sales fell -2.4% on-quarter in Q2 to 2.76 million tonnes, driven by a -20% fall in exports to 484,000t…
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