ММК Metalurji Trading Update for Q2 and H1 2015
OREANDA-NEWS. Sales of finished products ММК Metalurji in Q2 2015 increased by 20.1% q-o-q to 210 thousand tonnes, which reflects the company's maximum capacity utilisation at the current production mix. Solid demand for the company's products made it possible to decrease the stocks built up in winter.
Finished products sales in H1 2015 increased by 15.1% y-o-y.
Increased demand for polymer-coated products in Q2 2015 resulted in the increase of the company's sales of these products by 19 thousand tonnes or 32.7% q-o-q. Sales of polymercoated products in H1 2015 increased by 20.6%.
In Q2 2015, the situation on the Turkish steel market made it possible for MMK to increase shipments of hot-rolled products on an arm's length basis to MMK Metalurji almost by threefold as compared to Q1 2015, due to its relatively low cost base (due to the rouble devaluation and optimisation measures carried out by the company's management).
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