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Press Releases > MMK  all about the company

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MMK

October 21, 2009

MMK announces operational trading update for Q3 2009

MMK announces operational trading update for Q3 2009

Production

Q3 2009

Q2 2009

%

‘000 tons

‘000 tons

Cast iron

2 326

2 006

16%

Crude steel

2 831

2 159

31%

Finished products output

2 601

1 919

36%

Production

Q3 2009

Q2 2009

%

‘000 tons

‘000 tons

Finished products output:

2 601

1 919

36%

Slabs and billets

2

0

-

Long products

312

261

20%

Flat hot-rolled products

1 553

1 090

42%

High value added (HVA) products

735

568

29%

Thick plate (mill 5000)

29

0

-

Flat cold-rolled products

331

278

19%

Downstream products:

375

290

29%

Tin plate

59

73

-19%

Galvanized steel

177

118

50%

Galvanized colour-coated steel

68

46

48%

Band

23

25

-8%

Formed section

25

14

79%

Pipes

21

13

62%

· Cast iron output in Q3 2009 exceeded the pre-crisis level and amounted to 2,326 thousand tons, which is 2.2% higher y-o-y

· Finished steel products output grew by 36% in Q3 2009 q-o-q and amounted to 2,601 thousand tons, while crude steel output increased by 31%. The output level achieved is the highest for the last 12 months period.

· HVA products output in Q3 2009 went up by 29% q-o-q and equaled to 375 thousand tons.

· Galvanized steel and colour-coated steel output amounted to 177 and 68 thousand tons accordingly in Q3 2009, which is higher by 50% and 48% q-o-q and higher by 25% and 58% y-o-y.

· Increased HVA products output is due to commissioning of Hot Dip Galvanizing Line ¹2 in July 2008 and Colour Coating Line ¹2 in July 2009.

· HVA products output (including thick plate, CRC and downstream products) stood at 735 thousand tons in Q3 2009, which is 29% higher than Q2 2009 results and is at the level of Q3 2008 results.

· Mill 5000 thick plate output amounted to 29 thousand tons in Q3 2009.

· HVA products accounted for 28% of the production portfolio in Q3 2009.

 

 

 

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