MMK Metalurji finished products output in 9 months 2012 was 748,000 tonnes up 2.7x YoY. Production in Q3 2012 totalled 211,000 tonnes.
Revenue from the Turkish steel segment for 9 months 2012 was USD 637 million up 117% YoY. Revenue in Q3 2012 was USD 187 million. EBITDA for the Turkish steel segment in Q3 2012 was negative at USD 31 million.
Due to continued unfavorable market conditions on the Turkish steel market, specifically high prices for scrap metal and low prices for hot rolled products in November 2012 MMK halted steel smelting and the hot roll mill for a period of 90 days. MMK believes this action will reduce MMK Metalurji's losses and help it attain profitability.
Source:
http://www.steelguru.com/russian_news/MMK_steel_operations_in_Turkey/293275.html
