9,350.01 TRY BIST 100 BIST 100
39.39 USD USD USD
5.52 CNY CNY CNY
45.60 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
44.10 TRY Interest Interest
73.88 USD Fossil Oil Fossil Oil
46.12 USD Silver Silver
4.81 USD Copper Copper
94.27 USD Iron Ore Iron Ore
328.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,296.29 TRY Gold (gr) Gold (gr)

MMK Group announces operating results for 2Q 2023

PJSC Magnitogorsk Iron and Steel Works, announces operating results for 2Q 2023.

MMK Group announces operating results for 2Q 2023

Sales of the Group's steel products amounted to 3,065 thousand tonnes, up 11.0% qoq on the back of favorable domestic market conditions and growth in sales of the Turkish asset due to partial recovery of demand in the market of Turkey after the February earthquake. Sales of premium products increased by 13.5% to 1,332 thousand tons due to a seasonal increase in demand for cold-rolled and galvanized and color-coated steel from the metalworking and construction sectors. The share of such products in the sales portfolio increased to 43.4%.

Steel output grew by 13.0% q-o-q to 3,457 thousand tonnes reflecting steady demand on the Russian and neighbouring countries’ markets as well as the partial recovery in business activity in Turkey in Q2 2023.

Pig iron output increased by 9.6% quarter-on-quarter (q-o-q) to 2,569 thousand tonnes due to the completion of overhauls of blast furnace facilities.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Türkiye's billet imports decreased by 2.6% in April

Tuesday, June 17, 2025

Godo Steel modernizes its mill with Danieli

Tuesday, June 17, 2025

Emsteel receives high sustainability rating from MSCI

Tuesday, June 17, 2025

British Steel signs GBP 500 million rail deal

Tuesday, June 17, 2025

Two tankers collide near the Strait of Hormuz, large fire erupts

Tuesday, June 17, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now