Author: Lalita
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Russia: MMK reports 25% increase in crude steel output in H1 CY’21
Russian steelmajor MMK Group has released Q2 and H1 CY’21 results. Production highlights: Crude steel output in H1 increased by 24.5% y-o-y to 6.70 mn t, mainly due to completion of modernisaation of its Hot-Rolling Mill 2500. Steel output in Q2 was recorded at 3.4 mn t, up 3% q-o-q on strong demand and favourable…