15th 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% |
|
|
||||||
|
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: |
|
|
|
|
|
|
|
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.
* * *
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: [email protected]
Evgeny Kovtunov +7 3519 24 93 55 e-mail: [email protected]
Related Shares:
MMK.L