SteelMint

Author: Lalita

  • Russia: MMK’s Crude Steel Output Decreases by 1.6% Y-o-Y In CY19

    Russia: MMK’s Crude Steel Output Decreases by 1.6% Y-o-Y In CY19

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    by

    Lalita
    in

    PJSC Magnitogorsk Iron & Steel Works (MMK) – one of the world’s largest steel producers, announced its trading update for Q4 and CY 2019. The group’s crude steel output declined by 1.6% Y-o-Y to 12.46 MnT in CY19 due to decreased demand for steel as a result of the reconstruction of Mill 2500. Total sales of finished products was registered 11.3 MnT, down 3% Y-o-Y. The company’s crude steel output was down by 3.9% Q-o-Q to 3.07 MnT, due…