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MMK Announces Trading Update for Q3 & 9 months

Steel News - Published on Wed, 16 Oct 2019

Image Source: steelguru.com
Outlook - The company's management expects that the seasonally weak business activity coupled with a significant correction in global prices will affect MMK Group's performance in Q4 2019. The impact of these negative factors should be partly offset by higher operational efficiency and high capacity utilisation of high-margin production units.

Q3 2019 highlights vs. Q22019
1. MMK Group’s total sales of finished products in Q32019 totalled 2,897 thousand tonnes, up 1.4% Quarter on Quarter.
2. MMK Group’s sales of HVA products in Q32019 totalled 1,418 thousand tonnes, slightly down 0.6% QoQ. The share of HVA products in total sales amounted to 48.9%.
3. MMK Coal’s coal concentrate production in Q32019 totalled 629 thousand tonnes, up 29.2% QoQ.

9M 2019 highlights vs. 9M2018
1. MMK Group’s total sales of finished products in 9M 2019 totalled 8,535 thousand tonnes, down 2.2% YoY.
2. MMK Group’s sales of HVA products in 9M 2019 totalled 4,181 thousand tonnes, up 2.6% YoY. The share of HVA products in total sales increased to 49.0%.
3. MMK Coal’s coal concentrate production in 9M 2019 totalled 1,893thousand tonnes, down 14.8% YoY.

Source :

Posted By : Rabi Wangkhem on Wed, 16 Oct 2019
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