In 2016 MMK increased its net profits 2.5-fold YoY, to $1.111 billion.
According to the company statement, its free cashflow totaled $728 million. EBITDA increased by 17.3% YoY, to $1.956 billion.
Company revenues dropped by 3.6% YoY, because of the low sale prices.
This year MMK forecasts the increase in steel demand in Russia by 1-2%, which will allow the company to keep the necessary sales levels. It also plans to increase coking coal output by 600 thousand tons. (Ukrainian metal)