MMK increases metal shipments to TMK by 10% in 2018
According to the results of 2018, 504,600 tonnes of MMK's flat steel products were shipped to TMK’s pipe mill. This represents an almost 10% increase on 2017. The council concluded that the protocol from the previous meeting had been successfully implemented, and discussed the quality of metal products along with the development perspectives of new types of metal products for TMK. Both parties discussed participation in promising joint projects and other topical issues surrounding further collaboration. The next coordinating council meeting is scheduled to be held in September 2019 in Volzhsky.
Executives and specialists of technical and commercial departments of MMK and TMK, as well as members of TMK's Volga and Northern pipe plants, took part in the work of the current coordinating council. Such events are held on a regular basis - the current coordinating council meeting is the 26th in a row. Twice a year, representatives of the two companies meet at the buyer's or seller's sites to discuss important strategic issues, current and future collaboration.
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 unit 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 2018, the company produced 12.7 million tonnes of crude steel and 11.7 million tonnes of commercial steel products. MMK Group had sales in 2018 of USD 8,214 million and EBITDA of USD 2,418 million.
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