MMK Group expects to see a further increase in its sales performance in the third quarter of CY’21 on seasonal demand recovery in Russia and continued favourable conditions in the global market. Sales will be additionally supported by the start of hot tests at the hot-rolling mill in Turkey. Completion of the reconstruction of Reverse Cold-Rolling Mill 1700 and 100% utilisation of premium products equipment is expected to positively impact the company’s sales. However, capital expenditure in Q3 is expected to decline q-o-q, in line with the implementation of scheduled projects.
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