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16 Apr
15:24

Weak outlook dents MMK Metalurji sales

Sales at Russian steelmaker MMK's Turkish Metalurji steelworks slipped in the first quarter amid unfavourable local and export market conditions, MMK says in a statement seen by Kallanish. This followed a considerable increase in Q4 2018. The mill sold 176,000 tonnes of steel products in Q1, down -12.9% on Q4 and -23.8% on Q1 2018. Hot-dip galvanised product sales fell -17.8% on-quarter and -12.8% on-year to 129,000t, while colour-coated steel shipments drop…
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