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MMK

June 14, 2018

MMK’s hot-rolled products Mill 2000 sets another record

PJSC Magnitogorsk Iron and Steel Works’ ("MMK") most powerful unit, hot-rolled products Mill 2000, produced 527.5 ths tonnes of metal in May 2018, setting an all-time record for monthly output. It was the highest production volume at the mill since its commissioning in 1994, beating the previous monthly record of 526.2 ths tonnes set in January 2015.

MMK’s hot-rolled products Mill 2000 is one of the most powerful facilities in Russia. It is located at MMK’s sheet-rolling shop No 10 and was modernised in the mid-2000s when the fourth heat treating furnace was built and equipment was upgraded. The modernisation made it possible to produce thicker products, improve the mechanical characteristics of the products, and increase the mill’s capacity to 6 mln tonnes per year. In the past few years, the mill has operated at its maximum capacity utilisation rate. In 2015, it produced its 100th mln tonne since commissioning. The mill’s equipment makes it possible to produce the full range of MMK steel grades.

Sheet width varies from 760 mm to 1,830 mm. The mill produces thousands of different products for various industries including pipes, construction, and machinery manufacturing and represents the widest product mix at MMK. Steel produced at Mill 2000 is used in shipbuilding, construction and car manufacturing.

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 complex 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 2017, the company produced 12.9 million tonnes of crude steel and 11.6 million tonnes of commercial steel products. MMK Group had sales in 2017 of USD 7,546 million and EBITDA of USD 2,032 million.

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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