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MMK

April 10, 2019

MMK strengthens its position in Vietnamese market

Magnitogorsk Iron and Steel Works (MMK) is taking part in the international industrial exhibition Vietnam Expo 2019 in Hanoi. As one of the fastest growing economies in South-East Asia, Vietnam is one of MMK's key markets. In 2018, MMK's metal product shipments to Vietnam doubled compared to 2017, amounting to 540,000 tonnes and making MMK the second biggest exporter to Vietnam after Turkey.

MMK's stand showcases the technological capabilities and characteristics of the products of one of the largest metallurgical companies in Russia. MMK's exposition places particular emphasis on products for the construction industry, on hot-rolled and cold-rolled steel, long products, and on coated steel products. MMK will also preview its metal products for the engineering sector and particularly a wide range of high-strength steels.

The 29th Vietnam International Trade Fair, Vietnam Expo 2019, is being held in Hanoi from 10th to 13th April and enjoys official support from the Vietnam Ministry of Industry and Trade. The exhibition covers a wide range of advanced technologies, products and services in the field of industrial equipment and electronics, drinks and packaging, textiles and consumer goods. Last year, over 450 companies from 16 Vietnamese provinces and cities, as well as from 23 other countries, including Russia, Korea, China, Japan and Singapore took part in the exhibition.

About MMK

MMK is one of the world's largest steel producers and a leading Russian metals company. The company's operations in Russia include a large steel-producing unit encompassing the entire production chain, from the preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of high-value-added products. In 2018, the company produced 12.7 mln tonnes of crude steel and 11.7 mln tonnes of commercial steel products. MMK Group had sales in 2018 of USD 8,214 mln and EBITDA of USD 2,418 mln.

Investor contacts:
Andrey Serov
tel.: +7 (3519) 24-52-97
E-mail: serov.ae@mmk.ru
Media contacts:
Dmitry Kuchumov
tel.: +7 (499) 238-26-13
E-mail: kuchumov.do@mmk.ru
Dmitry Bulin
tel.: +7 (499) 238-26-13
E-mail: bulin.dn@mmk.ru

 

 

 

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