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16 Jul
11:40

MMK expects Russian demand to support third-quarter sales

Russian steelmaker Magnitogorsk Iron and Steel (MMK) expects continuously strong demand for steel products in the domestic market in the third quarter to keep sales strong. The completion of another stage of hot rolling mill-2500 upgrade will have a positive impact on sales volumes, supporting the group's financial indications in Q3, the company says in a note sent to Kallanish. Russia’s domestic market, where the mill sold around 90% of output in…
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