MMK Q1 steel exports drop 21%, volumes redirected to domestic market

By Vlada Novokreshchenova / April 17, 2018 / www.metalbulletin.com / Article Link

Russia's Magnitogorsk Iron & Steel Works (MMK) reduced shipments of steel products to foreign customers by 20.7 % year on year, to 605,000 tonnes in the first quarter of 2018, the company said on Tuesday April 17.

Russia's Magnitogorsk Iron & Steel Works (MMK) reduced shipments of steel products to foreign customers by 20.7 % year on year, to 605,000 tonnes in the first quarter of 2018, the company said on Tuesday April 17.The drop from 764,000 tonnes in the first quarter of 2017 was due to strong fundamentals in the domestic market, a company spokesman told Metal Bulletin.MMK's steel products sales in Russia and the CIS region went up...

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