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…

Russia: MMK output up in 2017

In 2017 MMK increased steel output by 2.5% YoY, to 12.86 million tons. According to the group statement, pig iron manufacture grew by 5.3%, to 10.163 million tons, and rolled metal – by 0.1%, to 11.331 million tons. Sales to Russia and CIS increased by 3.6%, to 8.528 million tons, at the same time exports…