Steel production fell 2% in October.
After an increase in September, output fell to 5.2 million tons: -2% last year and 1.8% compared to September. Finished steel produced was 4.7% less than a year ago. Since the beginning of the year, steel production has decreased by 3%, to 54.4 million tons.
BKS display: moderate negative. In autumn and winter, the demand for steel traditionally decreases, adding to this logistical problems in export. A partial recovery is possible in 2027 as the cycle of interest rate cuts continues. MMK - "buy", Saberstal and NLMK - "hold", Michal - "sell".