MMK ships record amount of long products
The previous record figure was 172,000 tonnes of long product shipments, which was reached at MMK in July 2015. Currently, the enterprise is working at full rolling capacity. Last year, the Company produced about 1.8 mln tonnes of long products, with 98% of all sales accounted for by the Russian market and CIS countries. Focusing on an increase in profits, MMK is systematically reducing the share of ordinary assortment and increasing the share of long products with higher margin which already account for about 30% of sales.
In 2005-2006, three modern, fully automated mills of the Italian company Danieli, with a total capacity of more than 2 million tonnes of long products per year, were put into operation in the long shop of the plant, which allowed for the decommission of four old long mills. These mills were the first built on the territory of the former Soviet Union in the post-Soviet era and hold some of the most modern equipment in the world. Since the launch of the new units, more than 20 mln tonnes of long products have been produced.
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 mln tonnes of crude steel and 11.7 mln tonnes of commercial steel products. MMK Group had sales in 2018 of USD 8,214 mln and EBITDA of USD 2,418 mln.
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