OJSC MMK has announced its production results for the 3 ^rd Quarter and 9 months of 2007.

  1.    Production of Main Products

Description	3rd Q2007	2nd Q2007	Change	9months2007	9months2006	Changes
	'000 tons	'000 tons	%	'000 tons	'000 tons	%
Pig iron	2,546	2,354	8 , 2%	7,198	7,427	-3 . 1%
Steel	3,458	3,331	3. 8%	9,934	9,187	8 . 1%
Commercial products*	3,146	3,021	4 . 1%	9,097	8,352	8 . 9%

  Main CommercialProducts, '000 tons:

Description	3rd Q2007	2nd Q2007	Change	9months2007	9 months2006	Change
Slabs	321	132	190	588	121	467
Long products	449	478	-29	1,384	1,248	136
Flat products (HR)	1,584	1,610	-26	4,843	4,495	349
Flat products (CR)	396	428	-31	1,154	1,293	-139
Tinplate	72	70	2	197	228	-31
Galvanized steel	110	102	7	318	337	-20
Galvanized colour coated steel	46	46	1	137	122	15
Narrow strip	85	86	-1	253	256	-3
Cold-formed sections	63	50	13	166	143	23

  * Counting production for the Group companies  

  Notes:

  Due to the repairs and upgrading of the blast furnaces, including BF ? 6 (installation of a bell-less charging device) the production level for the 9 months of 2007 was lower than in the same period of 2006.

  Thanks to the ramp-up of EAF steel making 2007 is seeing a steady increase of the crude steel and steel products output. The faster growth of steel making compared to MMK's rolling capacity has led to a surplus of commercial slabs. Currently MMK is implementing agreenfieldproject of building a 1.5 mtpy,5,000 mmplate mill and continuing modernization of the existing 2,000 and2,500 mmhot rolling mills aimed at improving quality, broadening the product mix and building up rolling capacity. When completed, these projects will allow to fully process all the slabs produced at MMK.

  Output of long products in the 9 months of 2007 has been stepped up against the same period of last year thanks to achieving the design capacity at all the long products mills.

The lower output of flat and long products in the 3 ^rd Q of 2007 compared to the 2^nd Q is attributable to the scheduled maintenance of the production equipment.

  2.  Prices

  Priceshavebeencalculatedbydividingsalesproceedsbysalesquantities.This method does not take into account the differentiation of products by quality grades and sales markets, therefore the price levels should be viewed as indicative.

  Average OJSC MMK Prices:

Description	3 rd Q2007	2nd Q2007	Change	9months2007	9months2006	Change
	$/ tonne	$/ tonne	%	$/ tonne	$/ tonne	%
Slabs	431	433	-0 .6%	410	376	9%
Long products	620	614	1%	582	406	43 .3%
Flat products (HR)	561	577	-2 .8%	543	440	23 .4%
Flat products (CR)	603	614	-1 .8%	594	491	21%
Tinplate	857	859	-0 .2%	844	863	-2 .2%
Galvanized steel	937	961	-2 .5%	936	825	13 .5%
Galvanized colour coated steel	1,280	1,254	2%	1,233	980	25 .8%
Narrow strip	660	697	-5 .3%	657	574	14 .5%
Cold-formed sections	791	764	3 .4%	755	610	23 .8%