Russian steel giant MMK said: “At the current peak of the spread of the coronavirus and the downturn in business activity, the MMK Group is carrying out equipment repairs along with planned production cuts. At the moment, there is no critical impact on sales in the main markets of the Company. However, the further development of the pandemic could negatively affect both global business activity and business activity in Russia. Prices for steel products on the domestic market will tend to export parity over the next 2-3 months, normalizing the premium on the domestic market. It should be noted that the Company, if necessary, can redistribute part of its sales of metal products to export markets. "
MMK added: “To date, MMK Group has not experienced any difficulties with the supply of basic raw materials, as well as with the supply of equipment and spare parts. All raw materials are taken under special control and monitored in terms of their consumption in production and stocks. "
MMK Group predicts a decline in domestic steel prices
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Azovpromstal® 25 March 2020 г. 10:51 |
