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13 Jul
09:17

MMK steel shipments increase in first half

Russia’s Magnitogorsk Iron and Steel Works (MMK) posted a 2.9% on-year increase in finished steel product shipments to 5.79 million tonnes in the first half of 2016, Kallanish learns from the steelmaker. In a brief market outlook the company says that it is seeing a slowdown in demand for its products on the domestic market in July compared to high second quarter results. Demand from export markets meanwhile remains flat, MMK adds. A prices correction in e…
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