• 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

Russian MMK posts 11% output increase for Q1

  • A
  • A
  • A
Russia’s third-largest steelmaker by output Magnitogorsk Iron & Steel Works (MMK)’s Q1 crude steel output reached 3.42 million tons, increasing by 10% from a quarter earlier and rising by 11% year on year.

In the Q1, the company’s output of coking coal concentrate decreased by 12% and the consumption of own iron ore was 1.05 million tons, down by 9%, both compared to that in a quarter ago.

MMK expected to increase the sales of finished products in the Q2, driven by good performance of Russian economy and seasonal steel demand.
News Date 27 Apr 2012 13:39:55 reported by Brian Lu

ThyssenKrupp announces its EBIT growth in fiscal y...
Finance and economy
30 Nov 2015 09:37
Russian TMK announces net loss in Q3 this year...
Finance and economy
26 Nov 2015 09:28
USS announces temporary close its Grani city mill...
Finance and economy
25 Nov 2015 14:26
Gerdau’s sales revenue decreases in Jan-Sep...
Finance and economy
19 Nov 2015 11:45
Jindal Stainless sets to cut debt by 64%...
Finance and economy
19 Nov 2015 08:50
Most Popular