CFO: MMK to keep steel production flat in 2019

MOSCOW, Feb 7 (PRIME) -- Russia’s Magnitogorsk Iron and Steel Works (MMK) plans to keep steel output flat on the year in 2019, but it does not rule out a slight growth, CFO Andrei Yeryomin said in a conference call on Thursday.

“We don’t expect any growth. The amount will be close to the level of 2018. A 1% growth is possible,” he said.

In 2018, MMK’s steel output rose 1.5% to 12.66 million tonnes.

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