In 2019, MMK and Lysva Iron and Steel Works increased sales by 8% YoY, to 8.3 million tons. Hot-rolled metal accounted for 48% of sales, shapes – 17%, cold-rolled metal – 11%, galvanized metal – 14% and polymer-coated metal – 5%. The main customers were pipe enterprises (31%) and metal traders (32%). Machine-building companies accounted…
In January-September MMK – Lysva Iron and Steel Works manufactured 201 thousand tons of metal products, up by 7 thousand tons YoY. Galvanized rolled metal manufacture increased more than 6-fold, to 26 thousand tons. At the same time the output of galvanized metal with polymer coating decreased by 12%. (Ukrainian metal)
MMK – Lysva Iron and Steel Works LLC has successfully passed a supervisory audit of the quality management system for compliance with the ISO 9001:2015 and the IATF 16949:2016. The audit has been carried by UTAC. “The MMK-LMZ QMS is operating efficiently and is demonstrating stable improvement”, the UTAC expect Oleg Marchenkov stated. (Ukrainian metal)
In 2019 Lysva Iron and Steel Works intends to produce 300 thousand tons of metal, up by 20% YoY. Since the company entered the MMK group, the output has increased more than 2-fold. While in 2017 LMZ produced 110.1 thousand tons of metal, last year the output totaled 248.5 thousand tons. This year the output…
In January-June Lysva Iron and Steel Works received 430 million rubles of net profit, up from 275 million rubles of net loss a year earlier. Revenue increased 2.4-fold, to 6.798 billion rubles, with gross profit up 3.2-fold, to 1.051 billion rubles. Sales revenue grew 3.3-fold, to 721 million rubles. Since the start of the year…
Taking into account the Lysva Iron and Steel Works capacities, the MMK share of the coated rolled metal market could reach 30%. In June LMZ sold 35 thousand tons of polymer-coated metal, which became a historical record. This year Lysva Works intends to sell 280 thousand tons of metal. So far 110 thousand tons have…
A delegation of specialists from Magnitogorsk Iron and Steel Works (MMK) headed by the company’s CEO Pavel Shilyaev made a working visit to the Lysva Iron and Steel Works in the Perm region. During the visit Pavel Shilyaev met with the governor of the Perm region Maxim Reshetnikov. He presented to the head of the…
Magnitogorsk Iron and Steel Works has finalized the deal on the purchase of 100% of LMK Group. The group comprises of Lysva Metal Company, Lysva Iron and Steel Works and Insayur-Autotrade-TL Trade House. LMK Group is the only producer of electrolytic galvanized rolled metal with coating in Russia. Its total capacity is 350 thousand tons…