Russia: MMK’s steel sales increase on strong demand

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MMK Group’s steel sales highlights for H1 and Q2 CY’21:

  • Finished steel sales rose by 25.3% y-o-y to 6.22 mn t on strong demand and high utilization rate of Hot-Rolling Mill 2500 after overhaul.
  • Sales in Q2 totalled 3.32 mn t, up 14.3% q-o-q.
  • Sales of long products in Q2 were up 17.9% q-o-q to 3.16 mn t and those of flat products grew by 9.6% q-o-q to 1.72 mn t on the back of seasonal growth in demand.
  • Sales of premium products increased by 3.5%to 2.54 mn t in H1.

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