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21 Jan
17:55

MMK's output, sales fall on repairs, demand

Russian steelmaker Magnitogorsk Iron and Steel's (MMK) expects prices in the Russian domestic market to recover in the first quarter of 2020. At the same time, the company envisages price increases in Turkey as a result of higher scrap prices and limited availability of hot-rolled coil in the Black Sea export market. MMK expects major feedstock prices to remain flat quarter-on-quarter in Q1 2020, with a stable iron ore and coking coal market. MMK expects …
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