World
MMK steel output 2.7mn T ‘Russia’
MOSCOW : Russia 's Magnitgorsk Iron & Steel Works expects to produce 2.7 million tonnes of finished steel in the second
1 min
By
"We will try to maintain prices, but volumes will suffer," chief financial officer Oleg Fedonin said during a conference call.
The company said earlier that overall steel output would increase by 10-15 percent this year, down from an earlier forecast for 20 percent growth.
COPYRIGHT REUTERS, 2011