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Russian Steelmaker MMK Records Drop in Crude Steel Output in Q4

Russian steelmaker MMK said Thursday that its crude steel output in the fourth quarter totaled 3.07 million tons.

Russian steelmaker MMK said Thursday that its crude steel output in the fourth quarter totaled 3.07 million tons, down 9 percent quarter-on-quarter, mainly because of scheduled maintenance and seasonal factors.

The company, controlled by businessman Viktor Rashnikov, also said in a statement that its full-year crude steel output rose 9 percent to 13.0 million tons in 2014.

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