05
Feb
13:40
MMK's financials reflect negative 2019 trends
Russian steelmaker Magnitogorsk Iron and Steel (MMK) will reduce output of steel products in the first quarter of 2020 on the back of repairs at a blast furnace and oxygen converter shops. Moreover, hot rolling mill-2500 was halted for planned upgrade works in March.
The company expects its Q1 financial results will be supported by the favourable steel pricing environment in the domestic market, and stable feedstock prices. High capacity utilisation of high-v…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous