Steel News

We strive to let you one step ahead of the market.

Russian MMK’s crude steel output increases in H1 2019 y-o-y

23 Jul 2019 13:07 reported by Joy Liu

A A A
According to the operating performance for the first half of 2019 released by Magnitogorsk Iron and Steel Works (MMK), one of the world's largest steel producers in Russia, the firm’s output of crude steel reached around 6 million tons, up by 0.4% compared to the same period a year ago; the output of pig iron has a year-on-year increase of 3.6% to 4.9 million tons roughly.

Besides, during the same period, MMK’s output of finished steel came to around 5.5 million tons, down by 2.3% year on year. The domestic shipments totaled 4.9 million tons roughly, rising by 8.5% year on year; the exports were approximately 580,000 tons, a year-on-year decline of 47.2%.

MMK expected that the demand for steel in the domestic market will remain strong in the third quarter. Also, the firm’s sales volume will benefit greatly by the completion of the reconstruction of the hot rolling mill 2500 at its plant in Magnitogorsk.

Back to Steel News

Related News

Taiwanese CSC may increase or keep wire rod prices for Q4

  • Carbon steel
  • 20 Aug 2019 15:32

FHS decreases wire rod prices for Oct

  • Carbon steel
  • 19 Aug 2019 16:09

US government suspects Taiwanese & Chinese CORE steels avoid import tariff

  • Carbon steel
  • 16 Aug 2019 14:07

Colombian crude steel production down in Jun m-o-m

  • Carbon steel
  • 16 Aug 2019 11:59

Taiwan's CSC to have annual maintenance at 2 wire rod plants in Nov-Dec

  • Carbon steel
  • 15 Aug 2019 13:55

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,237.00
  • 2,249.00
  • Aluminum
  • 1,762.00
  • 1,794.00
  • Copper
  • 5,755.00
  • 5,789.50
  • Nickel
  • 16,000.00
  • 16,000.00

Learn more

Coil Exchange Center

  • 2B Coil-Sep
  • 2,530
  • 2,390
  • NO1 Coil-Sep
  • 2,480
  • 2,340
  • 2B Coil-Sep
  • 2,530
  • 2,390
  • NO1 Coil-Sep
  • 2,480
  • 2,340

Learn more