Magnitogorsk Iron and Steel Works (MMK) shipped 181,070 tons of long products to consumers in May, which was a record figure of monthly shipments of this type of product since the launch of the existing units of the long shop.
The previous record figure was 172,000 tons of long product shipments, which was reached at MMK in July 2015. Currently, the enterprise is working at full rolling capacity. Last year, the company produced about 1.8 million tons of long products, with 98% of all sales accounted for by the Russian market and CIS countries. Focusing on an increase in profits, MMK is systematically reducing the share of ordinary assortment and increasing the share of long products with higher margin, which already account for about 30% of sales.
In 2005-2006, three modern, fully automated mills of the Italian company Danieli, with a total capacity of more than 2 million tons of long products per year, were put into operation in the long shop of the plant, which allowed for the decommission of four old long mills. These mills were the first built on the territory of the former Soviet Union in the post-Soviet era and hold some of the most modern equipment in the world. Since the launch of the new units, more than 20 million tons of long products have been produced. (MMK/Ukrainian metal)
