29
Apr
14:09
MMK expects lower second-quarter output
Russian steelmaker Magnitogorsk Iron and Steel (MMK) will reduce output in the second quarter as it continues to undertake scheduled repairs and maintenance. MMK sees the possibility of sales volumes declining in Q2 as business activity wanes on the back of the Covid-19 pandemic in Russia and globally.
Pandemic-induced market uncertainty is also expected to put pressure on global steel prices in Q2. But despite the headwinds, MMK's measures to incre…
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Anonymous
Very good overview of the weekly steel market.
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