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MMK Steel segment (Turkey) Q2 Production Update

Steel News - Published on Thu, 18 Jul 2019

Image Source: SteelGuru
1. Sales of finished products for Q2 2019 amounted to 197 thousand tonnes, up 11.8% QoQ, due to the higher share of exports sales.

2. The volume of sales of commercial products for H1 2019 decreased by 13.0% YoY, mainly due to the continued challenging economic situation in Turkey. The sales volumes were affected by lower sales of flat hot-rolled steel amid high volatility in prices for these products and low marginality.

3. External headwinds, a continued challenging economic situation and political uncertainties continue to negatively affect domestic demand for construction metal products.

Source :

Posted By : Amom Remju on Thu, 18 Jul 2019
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