New MMK Plate Mill's Order Book Full

Open Joint Stock Company

Magnitogorsk Iron and Steel Works

Press Release

Magnitogorsk, Russia February 09, 2011.

New MMK Plate Mill's Order Book Full

The order book of the 5,000 mm Plate Mill at the Magnitogorsk Iron & Steel Works (MMK) is 100% full, MMK reported today. In January 2011, the Plate Mill produced 127,000 tons compared to 112,000 tons in December 2010. The mill's full capacity is estimated at 1.5 million tons per year.

"MMK's strategy is aimed at creating a state-of-the-art production complex and diversifying into new HVA products, primarily for the Russian market. The 5,000 mm Plate Mill built at MMK is the largest scale project implemented in the Russian steel sector in the past decade», said Victor Rashnikov, Chairman of the MMK Board of Directors.

Commissioned in the summer of 2009, the 5,000 mm Plate Mill makes use of high- and low-temperature rolling technologies. It is capable of producing plate of different gauge and width meeting the most stringent requirements set by large-diameter pipe manufacturers.

The Plate Mill's key customers include Chelyabinsk Pipe-Making Plant, Volzhsky Pipe Plant, Vyksa Steel Works, and a number of domestic mechanical engineering and shipbuilding companies and boiler manufacturers.

About MMKMMK 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 m tons of crude steel and 10.2 m tons of commercial steel products.

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