Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Russia’s MMK-LMP is adjusting its production to meet the lowered demand from its customers, the company announced on Friday. 


The steelmaker noted it was looking to reduce its production from a 24/7 cycle to a limited time, shift-based one, with the option to idle the plant when a shift was not operational. An MMK spokesperson told Davis Index that the readjusted cycle would produce enough steel to meet its customers’ current needs and it would enable the company to fulfill production and order shipments to its key customers.


The total reduction in production volume is unclear as yet, the spokesperson said, because the company’s analysts are yet to determine future prospects, given the volatile market situation.


Additionally, the adjustments are a step towards generating positive cash flows despite lower demand due to COVID-19 related shutdowns being experienced by MMK’s customers, the company indicated. 

Leave a Reply

Your email address will not be published.