Author: Admin Operation
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Russian steelmaker MMK reports decline in production in Q4 2023
Russia’s leading steel producer, Magnitogorsk Iron and Steel Works (MMK), witnessed fluctuations in its production performance during the fourth quarter of 2023, influenced by both internal and external factors impacting the industry, as reported by the rating agency Rusmet. MMK stated that steel production saw a 7.1% q-o-q decline to 3.12 million tonnes. This reduction…