AT A GLANCE: MMK responds to improved steel demand with 15% higher output in Q4

A summary of the operational results for Russia’s Magnitogorsk Iron & Steel Works (MMK), for the fourth quarter of 2020.

In brief 

MMK attributed a 14.9% quarterly increase in steel output to the launch of the company’s hot-rolling Mill-2500 project in July. The mill was stopped for scheduled reconstruction in March, which took until the end of the second quarter. The company said there was strong demand for its steel products in the quarter.  MMK Group’s total sales of finished products was 3.045 million tonnes in the fourth quarter,...

Published

Serife Durmus

January 27, 2021

13:58 GMT

Bursa