• 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

China's steel export hikes 11.6% while general exp...
Finance and economy
22 May 2015 14:12
Posco to sell 30% stake in construction unit to Sa...
Finance and economy
19 May 2015 17:15
Salzgitter swings to Q1 net profit...
Finance and economy
19 May 2015 09:18
China Steel Corp. posts profit in Apr...
Finance and economy
15 May 2015 17:44
ArcelorMittal foresees US real steel demand to gro...
Finance and economy
15 May 2015 12:05
Most Popular