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NLMK Turkey sales in Q1 dips by 13# QoQ

Steel News - Published on Fri, 19 Apr 2019

Image Source: commons.wikimedia.org
NLMK Turkey’s sales of commercial products for Q1 2019 amounted to 176 thousand tonnes, down 12.9% QoQ mainly due to external headwinds and the challenging economic and political situation in Turkey. In this situation, buyers prefer to wait for more certainty in the market and not to force the purchase to ensure summer seasonal demand. In export markets, buyers also took a wait-and-see position, as there was high price volatility and uncertainty about the EU quotas for steel imports. The increased competition among coated steel producers forced the company to look for new niches and markets for steel products, uncommon in recent years, which have influenced the change in range and production volumes.

(thousand tonnes)Q1 2019Q4 2018%Q1 2019Q1 2018%
MMK Metalurji finished products, of which:176202-12.90%176231-23.80%
Flat hot-rolled products72250.00%727-74.10%
HVA products, of which:169199•15.0%169204-17.20%
Galvanised steel129157•17.8%129148-12.80%
Polymer-coated steel3943-9.30%3956-30.40%
MMK Metalurji finished products from MMK steel1361323.00%136153-11.10%
 

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Posted By : Ratan Singh on Fri, 19 Apr 2019
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