Russian steel-player MMK Steel has reported 22.2% q-o-q growth in its crude steel output to 2.88 mn t during the third quarter CY’20, due to business activity recovery and the launch of Hot-Rolling Mill 2500 in July after scheduled reconstruction completed in Q2. However, steel output in 9M CY’20 was down 12% y-o-y to 8.26 mn t, due to a lower consumption during scheduled reconstruction of Hot-Rolling Mill 2500 and a slowdown in business activity due to the pandemic.
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