24 October ‘18

MMK plans to modernise coking production

The memorandum was signed by Pavel Shilyaev, CEO of PJSC MMK, and Lu Pengcheng, Chairman of the Board of Directors of Sinosteel Equipment & Engineering Co., Ltd. The parties agreed to conclude contracts for the construction of facilities as part of the project for the reconstruction of coking and by-product production at MMK.

The project involves the construction of coke oven battery complex No. 12, the reconstruction of a plant for capturing and processing chemical products, as well as the construction of a biochemical installation as part of MMK’s coking and by-product production.

The reconstruction of coking and by-product production is part of MMK’s programme aimed at modernising sintering/blast-furnace/coking production, the purpose of which, in accordance with the Company’s 2025 Strategy, is to increase the efficiency of first processing stage, reduce production costs and improve environmental safety. In particular, the introduction of the new coke oven battery No. 12 will make it possible at the first stage to decommission outdated coke batteries Nos. 1, 2 and 3, significantly improving ecological conditions in Magnitogorsk.

Magnitogorsk Iron and Steel Works and Sinosteel have a long history of successful cooperation in the implementation of various projects at MMK. The Chinese company supplied equipment for the reconstruction of sulphur capture unit No. 2 and is currently involved in the construction of new sinter plant No. 5.

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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