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Russia: MMK output down in Q4 2018

The steel output of Magnitogorsk Iron and Steel Works (MMK) fell by 7.8% QoQ, to 3.112 million tons in October-December 2018, the company said in a statement. Cast iron output decreased by 2.4%, to 2.558 million tons. In 2018, the company’s steel output went down by 1.5%, to 12.664 million tons, and cast iron output…

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Ukraine: scrap prices to drop in February 2019

The state enterprise Ukrpromvneshexpertisa forecasts that in February ferrous scrap metal prices on the local market will drop by 3.4-16%, to 5.7-7.9 thousand UAH per ton. Until mid-February some drastic change of price is not expected, as rolled metal manufacturers will only begin testing opportunities to raise prices for their products. In March the increase…

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