Russia: ММК signs contract with Sinosteel for supply of sinter plant equipment

Magnitogorsk Iron and Steel Works has started construction of a new sinter plant as part of its long-term development strategy announced in November 2015 to increase efficiency and reduce costs. Commissioning of the new sinter plant will provide MMK’s blast furnaces with high-quality sinter produced using state-of-the-art energy-saving and environmentally safe technologies. The new plant…

Russia: MMK sales up in Q3 2016

In Q3 Magnitogorsk Iron and Steel Works produced 3.17 million tons of steel, on the level of Q2. Steel smelting capacities were 88% loaded. Sales dropped by 4.7% to 2.86 million tons due to the sales increase within the group. VAT-products output decreased by 8.3% to 1.3 million tons. In January-September MMK produced 9.38 million…

Russia: MMK section sales up in Schelkovo

In January-August Magnitogorsk Iron and Steel Works trading house in Schelkovo increased its sections sales share in the Central region from 7% to 12%, while the market itself dropped by 2% since the beginning of the year. But the trading house sales went up by 76% YoY, to 42 thousand tons. (Ukrainian metal)

Russia: MMK sells 1 million tons of metal in Povolzhye

In January-July MMK sold 948 thousand tons of metal in Povolzhye region. For the company this is the second largest sales region of Russia after the Ural region. MMK supplies mostly hot-rolled metal to Povolzhye. Cold-rolled metal sales start growing. The main consumers in Povolzhye are construction and machine-building – 54% and 25% respectively. (Ukrainian…