This year MMK intends to increase sales on domestic market by 5% YoY, to 8.1 million tons.
Despite the drop of prices, the Russian market has demonstrated a better price dynamics compared with foreign markets.
“Due to the dynamic demand growth and drop of imports, the balance of demand and supply has improved on the market. These factors resulted in a smoother price dynamics on the Russian market”, MMK deputy CEO on sales Sergey Ushakov declared.
According to him, next year metal consumption is expected to grow by 1.5%. The key factor is the increase of state expenses on national projects. (Ukrainian metal)