16
Oct
07:25
MMK prepares for weaker fourth quarter
Russian steelmaker Magnitogorsk Iron and Steel's (MMK) expects a weak fourth quarter, dented by the seasonal slowdown and considerable correction in global steel prices affecting the company's performance. The negative factors will be partially compensated by higher operating performance and high capacity utilisation of higher value-added product lines, the company says.
As expected, Q3 relative demand strength boosted MMK's consolidat…
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Anonymous
Very good overview of the weekly steel market.
Anonymous