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MMK - Magnitogorskiy Metallurgicheskiy Kombinat PAO News Story

$12.78 0.2  1.3%

Last Trade - 4:46pm

Sector
Basic Materials
Size
Large Cap
Market Cap £7.98bn
Enterprise Value £7.99bn
Revenue £6.44bn
Position in Universe 142nd / 1785

Russian steelmaker MMK delays decision on Turkish plant restart

MOSCOW, Nov 2 (Reuters) - MMK  MAGN.MM , one of Russia's
largest steel producers, has postponed a decision on the restart
of hot-rolled steel production at its Turkish plant because of
general market uncertainty, the company said on a conference
call on Friday.
    The company will consider restarting the MMK Metalurji
complex in 2019, it added.

 (Reporting by Diana Asonova
Writing by Polina Devitt
Editing by David Goodman)
 ((Polina.Devitt@thomsonreuters.com; +7 495 775 12 42; Reuters
Messaging: polina.devitt.reuters.com@reuters.net))
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