OREANDA-NEWS. MMK Metalurji announces its operational results for Q1 2016

Sales of finished products in Q1 2016 totalled 202 thousand tonnes. A decline versus the previous quarter was due to seasonal weakening of demand for construction products. Nevertheless, these volumes were the highest seen in Q1 for the past four years.

Sales of finished products in Q1 2016 increased by 15.7% y-o-y.

The high volume of orders for the company's products made it possible to maintain maximum utilisation rates.

The decline in the supply of semi-finished rolled products from MMK to MMK Metalurji in Q1 2016 was due to implementation of a programme aimed at optimising working capital and decreasing stock levels.