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MMK

August 7, 2018

MMK establishes new route for supply of metal to Turkey

Magnitogorsk Iron and Steel Works (MMK) has delivered a trial batch of metal products to Turkey along a railway route connecting Magnitogorsk, Baku, Tbilisi, and Kars. MMK together with Azerbaijani operator ADY Express are currently developing the ability to deliver up to 250,000 tonnes of metal per year, or approximately a third of MMK Metalurji’s demand in hot-rolled coil.

Four containers with a total weight of 120 tonnes were delivered to MMK’s subsidiary in Turkey. Freight cars containing metal products overcame a distance of 5,000 km in 17 days.

Until recently, the delivery of hot-rolled coils to MMK Metalurji was carried out exclusively by sea through Novorossiysk port, a route exceeding 6,000 km with a journey time of 30 days.

The diversification of logistics flows will allow the company to reduce risks associated with convention restrictions and bad weather in the Novorossiysk port area. Reducing the number of transhipments will also help avoid mechanical damage to commercial products and ensure the preservation of quality in metal characteristics.

In addition, reducing delivery time will help optimise the Company’s working capital by decreasing inventory in transit.

Moreover, the new route allows the consideration of export diversification to the Middle East, Europe and Africa through the MMK port in Iskenderun, Turkey.

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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