Russia’s MMK buys LMC to boost high value-added products output

Russia’s Magnitogorsk Iron & Steel Works (MMK) has acquired 100% of the shares of Lysva Metallurgical Co (LMC Group), the company said.

“The transaction forms part of MMK’s strategy to integrate assets that produce highly refined products,” MMK chief executive officer Pavel Shilyaev said.

LMC Group is able to produce 350,000 tonnes of electrogalvanized coated rolled products annually....


Marina Shulga

December 13, 2017

21:37 GMT