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MMK

October 17, 2007

OJSC MMK has announced its production results for the 3rd Quarter and 9 months of 2007

OJSC MMK has announced its production results for the 3 rd Quarter and 9 months of 2007.

 

  1.    Production of Main Products

 

Description

3rd Q2007

2nd Q2007

Change

9months2007

9months2006

Changes

'000 tons

'000 tons

%

'000 tons

'000 tons

%

Pig iron

2,546

2,354

8 , 2%

7,198

7,427

-3 . 1%

Steel

3,458

3,331

3. 8%

9,934

9,187

8 . 1%

Commercial products*

3,146

3,021

4 . 1%

9,097

8,352

8 . 9%

 

  Main CommercialProducts, '000 tons:

 

Description

3rd Q2007

2nd Q2007

Change

9months2007

9 months2006

Change

   Slabs

321

132

190

588

121

467

   Long products

449

478

-29

1,384

1,248

136

   Flat products (HR)

1,584

1,610

-26

4,843

4,495

349

   Flat products (CR)

396

428

-31

1,154

1,293

-139

   Tinplate

72

70

2

197

228

-31

   Galvanized steel

110

102

7

318

337

-20

   Galvanized colour coated steel

46

46

1

137

122

15

   Narrow strip

85

86

-1

253

256

-3

   Cold-formed sections

63

50

13

166

143

23

  * Counting production for the Group companies  

 

 

  Notes:

 

  Due to the repairs and upgrading of the blast furnaces, including BF ? 6 (installation of a bell-less charging device) the production level for the 9 months of 2007 was lower than in the same period of 2006.

  Thanks to the ramp-up of EAF steel making 2007 is seeing a steady increase of the crude steel and steel products output. The faster growth of steel making compared to MMK's rolling capacity has led to a surplus of commercial slabs. Currently MMK is implementing agreenfieldproject of building a 1.5 mtpy,5,000 mmplate mill and continuing modernization of the existing 2,000 and2,500 mmhot rolling mills aimed at improving quality, broadening the product mix and building up rolling capacity. When completed, these projects will allow to fully process all the slabs produced at MMK.

  Output of long products in the 9 months of 2007 has been stepped up against the same period of last year thanks to achieving the design capacity at all the long products mills.

The lower output of flat and long products in the 3 rd Q of 2007 compared to the 2nd Q is attributable to the scheduled maintenance of the production equipment.

 

 

 

  2.  Prices

 

  Priceshavebeencalculatedbydividingsalesproceedsbysalesquantities.This method does not take into account the differentiation of products by quality grades and sales markets, therefore the price levels should be viewed as indicative.

 

  Average OJSC MMK Prices:

 

Description

3 rd Q2007

2nd Q2007

Change

9months2007

9months2006

Change

$/ tonne

$/ tonne

%

$/ tonne

$/ tonne

%

   Slabs

431

433

-0 .6%

410

376

9%

   Long products

620

614

1%

582

406

43 .3%

   Flat products (HR)

561

577

-2 .8%

543

440

23 .4%

   Flat products (CR)

603

614

-1 .8%

594

491

21%

   Tinplate

857

859

-0 .2%

844

863

-2 .2%

   Galvanized steel

937

961

-2 .5%

936

825

13 .5%

   Galvanized colour coated steel

1,280

1,254

2%

1,233

980

25 .8%

   Narrow strip

660

697

-5 .3%

657

574

14 .5%

   Cold-formed sections

791

764

3 .4%

755

610

23 .8%

 

 

 

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