• Steel Market Insider

    We strive to let you one step ahead of the market

Steel News
Advanced search
    Key words
  • Search By
  • Date
  • Classification
  • Region
Advanced search

MMK’s net profits drop by 51% y-o-y in Q1

  • A
  • A
  • A
Russia's Magnitogorsk Iron and Steel Works (MMK) reported that the company’s net profits amounted about RUB 4.517 billion in the Q1, dropped by 51% from a year earlier.

It’s analyzed that the company’s sharply dip of the Q1 net profits was caused by its recapitalization for the investment in local and international market.

In addition, MMK’s production of crude steel totaled 3.09 million tons in the Q1, up by 13% year on year; that of pig iron was 2.47 million tons, increased by 11%; that of steel long products was 335 thousand tons, soared sharply by 59% year on year; that of galvanized steel was 141 thousand tons, rose by 17% year on year and that of steel pipe was 18 thousand tons, hiked by 27% year on year.
News Date 06 May 2011 11:25:59 reported by Jacky Huang

Tata Group’s revenue increased by 5% this fiscal y...
Finance and economy
31 Aug 2015 15:44
Russia’s Evraz Group announces its net profit incr...
Finance and economy
31 Aug 2015 11:34
Sweden Schmolz+Bickenbach company announces its sa...
Finance and economy
28 Aug 2015 09:28
Baosteel announces its net income growth in H1 201...
Finance and economy
27 Aug 2015 18:11
Russian TMK’s net profits soar in H1...
Finance and economy
27 Aug 2015 10:33
Most Popular