Earnings Report /

Magnitogorsk Iron & Steel Works: 3Q21 trading update – Production stable, sales volumes decline; Neutral

  • MMK (MMK: LI; E/W) reported its 3Q21 trading update

  • Expectedly, we saw the average price per ton increase by 12% q/q to $1057/t vs $944/t in 2Q21

  • MMK Metalurji reported a 13% increase in sales that reached 249 kt

Boris Krasnozhenov
Boris Krasnozhenov

Head of Research (Managing Director)

Yulia Tolstykh
Yulia Tolstykh

Analyst, Metals & Mining

13 October 2021
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