MMK Q1 steel sales down on lower export shipments

Magnitogorsk Iron & Steel Works (MMK) showed a 1.30% year-on -year decrease in steel sales in the first quarter of 2017 to 2.68 million tonnes, the Russian company said on Tuesday April 18.

The decline was mainly due to lower export shipments in the quarter, which fell by 9.50% year-on-year to 764,000 tonnes. “The result is mainly explained by unusually high exports in the...

Published

Vlada Novokreshchenova

April 20, 2017

19:55 GMT

Dnepr