Home  Issuers' Corner  Press Releases
CLOSE

Press Releases

company search
all press releases
all MMK press releases

MMK

July 12, 2007

Magnitogorsk Iron & Steel Works (MMK) today announces its production results for the 6 months of 2007

The information is presented for MMK parent company only.

1. Production

                                                       

                                                                                             Production volumes of MMK for H1 2007 and H1 2006

 

H1 2006

H1 2007

change

 

thou tons

thou tons

thou tons

 Pig Iron

4920,2

4651,8

-268,4

 Crude steel

5921,8

6475,8

553,8

 Finished products output, including:

5379,2

5950,7

572

 Billet

2,4

266,3

264

 Long products

771,3

934,8

164

 Flat hot-rolled products

2958,9

3259,1

300

 Flat cold-rolled products

854,9

757,9

-97

 Downstream products

 

 

 

Tin plate

155,0

125,2

-30

Galvanized steel

223,6

207,9

-16

Galvanizedcolour-coatedsteel

75,3

90,8

16

Band

173,5

167,8

-6

Formed section

92,9

102,2

9

Pipes

39,8

38,2

-2

MKZ band

31,7

0,5

-31

 

Increase of electric steel output lead to increase of commercial billet production in the H1 2007 by 264 thousand tons. At present MMK realizes several projects, including construction of Plate Mill 5000 with production capacity of 1.5 mln tons p.a., revamping of hot-rolling Mill 2000 (which will improve the quality of products, expand products range and increase capacity). Commissioning of these facilities will enable MMK to process the whole production volume of billets.

Besides, due to all long products mills reaching their full operation capacity in H1 2007, MMK increased output of long products by 164 thousand tons.

 

 2. Average prices

 The prices are indicative and do not consider either steel grade and quality characteristics or sales markets, Average prices calculation is based on division of revenue by volume.

                                                                                               

                                                                                                Average steel prices for H1 2007 and H1 2006, $/ton

Products

H1 2006

H1 2007

change

 

 

 

$  / ton

 Billet

334

390

56

 Long products

382

563

181

 Flat hot-rolled products

416

535

119

 Flat cold-rolled products

464

590

126

 Downstream products

 

 

 

Tin plate

876

838

-38

Galvanized steel

787

935

149

Galvanizedcolour-coatedsteel

930

1211

281

Band

537

656

119

Formed section

582

748

166

Pipes

528

739

211

Average price

456

579

123

 

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z



Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer