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42CL - Magnitogorskiy Metallurgicheskiy Kombinat OAO News Story

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Last Trade -

Sector
Basic Materials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £6.44bn
Position in Universe th / 1785

BRIEF-Russia's MMK Q3 crude steel output up 4.4 pct q/q

Oct 11 (Reuters) - Russia's MMK  MAGN.MM  says:  
    * Its third-quarter crude steel output at 3.3 million 
tonnes, up 4.4 percent q/q; 
    * Total finished steel product shipments excluding 
intra-group sales amounted to 3.2 million tonnes in Q3, up 10.2% 
q/q; 
    * High domestic demand enabled MMK to fully sell its 
seasonal stocks of high-margin products in Q3, which resulted in 
a significant cash inflow from working capital; 
    * Management expects higher sales, improved sales mix and 
lower costs for key raw materials to result in a significant 
improvement in the group's EBITDA for Q3; 
    * Management expects a slight decline in sales in Q4 2017 
due to a seasonal slowdown.  
 
Source text for Eikon:  urn:newsml:reuters.com:*:nEQ8ZFBp0a 
Further company coverage:  MAGN.MM  
 
 (Reporting by Moscow Newsroom) 
 ((Moscow.Newsroom@thomsonreuters.com;))
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