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19 Jul
14:20

MMK's output declines amid sanctions, headwinds

Russian steelmaker MMK reduced output of all products except coking coal in the first half of the year, and also saw higher iron ore output in the second quarter. The company only published consolidated operating results, without separating its Turkish operation’s figures, due to the time of crisis, it tells Kallanish. The decline in pig iron output in Q2 of 8.1% on-quarter to 2.07 million tonnes, and 17.3% on-year to 4.32mt in H1 was on the back of lengthy …
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