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January 22, 2019

MMK ships record volume of galvanized steel in 2018

Magnitogorsk Iron and Steel Works (MMK) shipped 1,269 million tonnes of galvanized steel in 2018, the highest figure in the Company's history.

This result is 11.9% higher than the previous record of 1,134 million tonnes of galvanized steel set by the Company in 2017.

Over the past 15 years MMK has been consistently increasing the production of galvanized steel. In 2002 and 2008, the Company commissioned two high-performance continuous hot-dip galvanizing lines at its metal-coating shop. In 2012, MMK commissioned the second stage of a cold-rolling unit at sheet-rolling shop 11, comprising a continuous hot-dip galvanizing line, as well as a combined continuous annealing and hot-dip galvanizing aggregate. In July 2017, MMK put into operation the No.3 unit for continuous hot-dip galvanizing with a capacity of 360,000 tonnes per year.

Development of coated metal production is in line with MMK’s goal to increase output of high value-added advanced processed products.

About MMK

MMK is one of the world's largest steel producers and a leading Russian metals company. The company's operations in Russia include a large steel-producing unit encompassing the entire production chain, from the preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of high-value-added products. In 2017, the company produced 12.9 million tonnes of crude steel and 11.6 million tonnes of commercial steel products. MMK Group had sales in 2017 of USD 7,546 million and EBITDA of USD 2,032 million.

Investor contacts:
Andrey Serov
tel.: +7 (3519) 24-52-97
E-mail: serov.ae@mmk.ru

Media contacts:

Dmitry Kuchumov
tel.: +7 (499) 238-26-13
E-mail: kuchumov.do@mmk.ru
Dmitry Bulin
tel.: +7 (499) 238-26-13
E-mail: bulin.dn@mmk.ru

 

 

 

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