20
Apr
09:10
MMK sees higher Q2 prices after shipments slump
Magnitogorsk Iron and Steel Works (MMK) sees a seasonal recovery in Russian steel demand and increase in prices in export markets lifting domestic steel prices in April and May, Kallanish learns from the Russian steelmaker.
This follows a -5% on-year decline in steel product sales in the first quarter to 2.71 million tonnes at MMK’s Russian operations. Although exports outside the CIS surged 30.5% to 844,000t, they were offset by a -15% drop in R…
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Anonymous
Very good overview of the weekly steel market.
Anonymous