In January-June Magnitogorsk Iron and Steel Works received $538 million of net profit, up by 10.7% YoY.
According to the company statement, its EBITDA increased by 29.2%, to $907 million, earnings grew by 37.8%, to $3,586 billion.
In 2016 MMK produced 12.5 million tons of steel, up by 2.5% YoY. (Ukrainian metal)