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16 Oct
15:42

MMK ramps up third-quarter sales

Russian steelmaker MMK expects fourth-quarter shipments and prices will be affected by seasonal decline in demand and ongoing negative price trends in domestic and global markets. MMK plans to offset this with operational efficiency and lower cost of sales following the completion of maintenance. MMK ramped up finished product sales by 7.2% on-quarter in Q3 to 3.05 million tonnes, supported by ongoing high demand. This kept the mill's capacity utilisation at…
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