MMK expects volumes of finished steel products in Q4 2012 will be affected by the seasonal slowdown in business activity on the domestic market.
At present, world steel prices are close to their lowest level, and MMK does not expect a recovery in prices sooner than early 2013 with the beginning of the construction season and inventory restocking.
However, the Company's efforts to improve its product mix as well as its strong position on the domestic market and the continued decline in prices for key raw materials should mitigate the negative impact of low steel prices on the Company's financial results.