MMK-Metiz has expanded its range of products with the new powder surfacing wire of PP-Np-200x12m and PP-Np-200x12VF grades with 3.6 mm diameter. The expansion of the product range will allow MMK-Metiz to increase its output and gain new markets. (Ukrainian metal)
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…
MMK-Metiz has added a new type of products to its portfolio. According to the company statement, it has started producing square stock with 7×7 and 8×8 mm sections of 10 and 20 steel grades in rods. Such rods are used in many industries. (Ukrainian metal)
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…
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)
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…
The European Union has imposed 5 years antidumping duties on cold-rolled metal from Russia. The sanctions have affected the largest Russian metal companies: Severstal, Magnitogorsk and Novolipetsk Iron and Steel Works. The lowest duty is imposed for MMK – 18.7%. Severstal received 34%, while NLMK – 36.1%. The reason for the investigation was the complaint…
Russian steel makers Severstal and MMK Group may lose $80 million and $60 million on EBIDTA margin respectively because of the EU duties on steel products, according to an analytical review by Aton. These losses account for about 5% of consensus-forecast on EBITDA for Severstal in 2016 and up to 4% for MMK, analysts said.…
