Magnitogorsk by 10 percent increased deliveries to the domestic market of Russia

In the first half of 2013, Magnitogorsk Metallurgical Plant OJSC (MMK, Russia, Magnitorgorsk) increased the sales of the metal rolling in the domestic market by 9.7 percent, to 4 million 600 thousand tons. At the same time, the average cost of one ton of steel sold in the domestic market was $ 685 per ton, which is 9.6 percent less than in APPG-2012. This is stated in the MMK message.

The production of steel at the Russian MMK plant in January-June amounted to 5 million 500 thousand tons (-0.7 percent to the APPG-2012), while the share of high-added costs (HVA) reached 48 percent.

The production of metizes in the daughter of MMK metiz was reduced by 11.6 percent, to 280 thousand tons.

A weak link in the consolidated production indicators of the MMK group was the Turkish division of MMK-metalurji, reducing the production of metal products by 35.7 percent, to 346 thousand tons. The fact is that the Turkish asset of the MMK completely stopped the electric stove and the production line of hot rolled steel due to the loss-making of these industries.

The head and main owner of the MMK group Viktor Rashnikov plans to launch stopped production capacities of the MMK-metalurji in the fourth quarter of this year.

A group of MMK enterprises is one of the largest steel manufacturers and occupies a leading position among Russian ferrous metallurgy enterprises. In 2012, MMK increased the production of steel by 6.9 percent to 13 million 37 thousand tons, commodity products - by 7 percent to 11 million 936 thousand tons compared to 2011. MMK revenue for 2012 amounted to $ 9 billion 328 million, EBITDA - 1 billion 356 million dollars.