15 Apr 2009 07:00
April 15, 2009
MMK Announces Operational Trading Update for Q1 2009
| I. Major products output | ||||||
| Production | Q1 2009 | Q4 2008 |
| Q1 2009 | Q1 2008 |
|
| '000 tons | '000 tons | % | '000 tons | '000 tons | % | |
| Cast iron | 1 592 | 1 205 | 32,1% | 1 592 | 2 613 | -39,1% |
| Crude steel | 2 070 | 1 648 | 25,6% | 2 070 | 3 598 | -42,5% |
| Finished products output | 1 917 | 1 542 | 24,3% | 1 917 | 3 287 | -41,7% |
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| Production | Q1 2009 | Q4 2008 |
| Q1 2009 | Q1 2008 |
|
| '000 tons | '000 tons | '000 tons | '000 tons | '000 tons | '000 tons | |
| Finished products output: | 1 917 | 1 542 | 375 | 1 917 | 3 287 | -1 370 |
| Slabs and billets | 0,2 | 104 | -104 | 0,2 | 431 | -431 |
| Long products | 256 | 187 | 68 | 256 | 485 | -229 |
| Flat hot-rolled products | 1 260 | 837 | 422 | 1 260 | 1 612 | -352 |
| Flat cold-rolled products | 188 | 161 | 27 | 188 | 411 | -223 |
| Downstream products: |
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| Tin plate | 39 | 39 | 0 | 39 | 62 | -23 |
| Galvanized steel | 79 | 101 | -22 | 79 | 106 | -27 |
| Galvanized colour-coated steel | 38 | 28 | 10 | 38 | 42 | -4 |
| Band | 30 | 34 | -5 | 30 | 82 | -52 |
| Formed section | 14 | 42 | -28 | 14 | 39 | -25 |
| Pipes | 14 | 8 | 6 | 14 | 18 | -4 |
The growth in Q1 2009 production compared to Q4 2008 is due to the increased level of sales mainly on the domestic market.
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The Magnitogorsk Iron and Steel Works OJSC (MMK) is among the world's largest steel producers and is one of the leaders of Russia's steel industry. The Company is a large steel producing complex encompassing the entire production chain, from preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of value added goods. In 2008 the Company produced 11.9 m tonnes of crude steel, and 10.9 m tonnes of commercial steel products.
Contacts
MMK:
Elena Azovsteva +7 3519 24 90 82 e-mail: azovtseva@mmk.ru
Evgeny Kovtunov +7 3519 24 93 55 e-mail: kovtunov@mmk.ru