MMK Proves the Urals and Western Siberia’s Leading Exporter

29 September 2011 (11:52)

Magnitogorsk Iron & Steel Works (MMK) came fourth in the annual rating of the Urals and Western Siberia’s leading exporters carried by the Expert-Ural magazine.

The rating was compiled on the basis of the regional companies’ activity in 2010, so it only covers the enterprises whose production activity is mainly concentrated in the Greater Urals (Ural Federal District, Perm Territory, Orenburg Region, the Republic of Udmurtia, and Bashkortostan). This is why many major oil and gas concerns are not featured in the rating, as their business activity spreads far beyond the Urals and Siberia.

In 2010, Magnitogorsk Iron & Steel Works exported 3.2m tons of metal goods, with the sales revenues coming to about $1.6bn. This is the fourth best result on the list of the Urals and Western Siberia’s largest exporters and the best result among the regional ferrous metal-exporting businesses. The company’s exports constituted 31% of all the sales last year. MMK keeps aiming its exports mainly at the Middle Eastern markets (48%), those of Europe (20%), and Asia and the Far East (19%), the company’s PR Department reports.

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