MMK sales of CRC down by 27% in Q2 2017

Russia’s Magnitogorsk Iron & Steel Works (MMK) saw its sales of cold rolled coil (CRC) fall by 27.41% year-on-year in the second quarter of 2017, the company said on Monday July 17.

The drop was attributed to lower sales to processing works since stock levels at traders’ warehouses were still high, as well as to higher output of polymer-coated steel, according to MMK. MMK’s CRC shipments amounted to 286,000 tonnes in April-June. "Sales volumes of cold rolled...

Published

Alona Yunda

July 17, 2017

16:38 GMT

London