• 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

Minda Corporation invests 750 million rupees on ne...
Finance and economy
22 Jun 2017 12:06
India to implement new indirect tax system, while ...
Finance and economy
21 Jun 2017 11:30
Japan's steel exports to Mexico grows rapidly in M...
Finance and economy
20 Jun 2017 09:05
Fed raises interest rates will affect metal prices...
Finance and economy
19 Jun 2017 13:32
India's domestic hot rolled steel coil price to st...
Finance and economy
16 Jun 2017 10:41
Most Popular