MMK COMPLETED FIRST PHASE OF EQUIPING MILL 2000

Open Joint Stock Company

Magnitogorsk Iron and Steel Works

Press Release

MMK COMPLETED FIRST PHASE OF EQUIPING MILL 2000

April 6, 2011, Magnitogorsk, Russia - Magnitogorsk Iron & Steel Works (MMK) reports it has assembled first phase of technological equipment at its mill 2000. Continuous pickling line has been linked to the 'tandem' mill. All the necessary gear has been put in place.

The roll test has been accomplished at the input section of the continuous pickling unit (CPU) of the Mill 2000. The low- and high-pressure and the emulsion systems have been tested. Pre-commissioning activities at the CPU's middle- and tail ends are continuing. The mill's first stage launch has been scheduled for July 2011. Its capacity will reach 2 mln tons per year. The mill will supply its products to carmakers, home appliance manufacturers and construction sector.

About MMK

MMK is among the world's largest steel producers and is one of the leaders of Russia's steel industry. The company's operations in Russia include 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 higher value added products. In 2010 MMK Group produced 11.4 mln tons of crude steel and 10.4 mln tons of commercial steel products.

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