Magnitogorsk Iron and Steel Works (MMK) released a report on crude steel production for the 3rd quarter and the first 9 months of 2016. MMK's production in the third quarter was 3.18 million tonnes, not significantly changing compared to the second quarter. Shipments of products amounted to 2.86 million tons, down 4.7% from the previous quarter. In Q3, steelmaking capacity utilization was 88% due to repairs at the main site.
In January-September of this year, MMK produced 9.38 million tons of steel, which indicates an increase of 0.5% on an annualized basis. The shipment of commercial products amounted to 8.5 million tons of steel and remained stable from year to year. The steelmaking capacity utilization at the main site in Magnitogorsk was 89%.
Subscribe to news
Metallurgy news
- Today
10:57 EU steel industry faces supply and demand challenges - 12 April 2024
09:52 EU steel demand to recover in 2025 - Worldsteel - 05 April 2024
12:40 Liberty's European division is headquartered in Vienna - 01 April 2024
12:51 The number of electric vehicles in Kazakhstan has increased ninefold over the year 12:37 Liberty Czestochowa is preparing to resume production - 27 March 2024
11:38 Ferrexpo faced restrictions on the corporate rights of Ukrainian subsidiaries - 24 March 2024
12:16 Kazakhstan opened a national pavilion at a mining conference in Toronto 11:53 Russian coal imports to China plummet due to import taxes
Publications
27.04 Moving a refrigerator according to all the rules 27.04 Household dehumidifiers in the Osushiteli online store 27.04 High-quality steel reinforcement at an affordable price from the company SAVVATS 25.04 Where to buy a power bank wholesale in Ukraine 23.04 Finoko Company: Global Reporting System