Russia: MMK output up in Q1 2018

In January-March MMK produced 3.147 million tons of steel, up by 2.7% YoY, but down by 4.4% QoQ. Pig iron output grew by 1.3% YoY, but dropped by 9.4% QoQ, to 2.404 million tons. Metal sales increased by 1.6% QoQ, to 2.83 million tons. Coal concentrate manufacture at MMK-Ugol reached 666 thousand tons, down by…

Russia: MMK Trading House welcomes members of the Russian Union of Metal and Steel Suppliers to its warehouse complex in Ufa

Representatives from MMK took part in the round table on “The Market of Metals and Metal Structures in the Volga and Southern Urals”. About 70 managers and specialists in metallurgy, metal trading, steel service centers (SSCs), and manufacturers of metal products and structures were invited to the two-day event organized by the Russian Union of…

Russia: MMK presents report on use of digital technologies

The Magnitogorsk Iron and Steel Works (MMK) took part in the XVIII Urals Industrial and Economic Week international exhibition and the X International Industrial Forum on “Reconstruction of industrial enterprises – breakthrough technologies in metallurgy and machine building”. The events took place on April 10-12 at the World Trade Center in Chelyabinsk. As the largest…

Russia: MMK still constructing new sinter factory

MMK is carrying out the construction of the sintering factory with no analogues in Russia. The preparation works began in December 2016. Now the metal structures are being assembled. In December 2017 the company warehouses received 2.5 thousand tons of Sinosteel machinery. The Chinese party intends to supply some 22 thousand tons. The cost of…

Russia: MMK prolongs Globaltrans transportation contract

The railroad operator Globaltrans has prolonged the contract on the transportation of MMK products for another 8 months.

“In early 2018 the long-term partnership with MMK was prolonged till late September 2020”, the company said.

The previous contract was valid until late February and presupposed the transportation of some 80% of MMK goods. (Ukrainian metal)

Russia: MMK’s manufacturing records of 2017

Last year saw a number of manufacturing records at MMK. In February 2017 the 2500 hot-rolling mill produced 180 million tons of hot-rolled metal since its commissioning in 1960. Today one of the largest mills at MMK is under reconstruction, scheduled to be completed in 2020. Following the reconstruction the mill’s capacity will grow from…

Russia: MMK net profit up in 2017

In 2017 MMK increased its net profit by 7% YoY, to $1.189 billion. According to the company statement, its revenue grew by 34%, to $7.546 billion, with EBITDA up by 3.9%, to $2.032 billion. Last year MMK produced 12.86 million tons of steel, 10.163 million tons of pig iron and 11.333 million tons of rolled…

Russia: MMK commissions car dumper

MMK has put in operation a new car dumper No. 5 at the site No. 2 of the aggloburden preparation shop. The capacity of the dumper is 20 cars per hour. The capacity of the sintering factory being constructed is 16.5 thousand tons of sinter a day, for which 17 thousand tons of burden is…