MMK Group | 26 January 2017 г. | 12:00

MMK grew of output steel and its products

MMK Group’s total crude steel output in 2016 totalled 12,544 thousand tonnes (up 2.5% y-o-y). Overall steelmaking capacity utilisation at the main Magnitogorsk site (subject to maintenance schedule) amounted to 89% (from 84% in FY 2015).

MMK Group’s total finished steel product shipments in 2016 (excluding intra-group sales) amounted to 11,570 thousand tonnes (up 3.4% y-o-y). The decrease in demand for steel in the domestic market was balanced by higher export sales volumes.

MMK Group’s HVA steel product output in 2016 was 5,299 thousand tonnes (up 1.5% y-o-y). The share of HVA products in total output decreased y-o-y to 45.8%.

Production of coal concentrate by Belon in 2016 stood at 2,870 thousand tonnes (up 1.7% y-o-y).

Source: Metal Supply and Sale Magazine
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