MMK Sales up 7.2%

17 October 2018 (10:51)

UrBC, Magnitogorsk, October 17, 2018. MMK Group sold 3,052,000,000 kg of ready goods in the third quarter of 2018, which exceeded the figures for the previous quarter by 7.2%, the company’s website states.

Among other things, the Group sold 1,351,000,000 kg of high value-added goods in QIII’18 (-2.1% against QII’18); HVA goods amounted to 44.3% of the company’s overall product range on offer.

The Group’s member enterprise MMK-Ugol produced 808,000,000 kg of coal concentrate in the third quarter of the year (up 8.3% on the previous quarter). Between January and September 2018, MMK-Ugol produced 2,220,000,000 kg of coal concentrate (+13% on a year earlier).

Additionally, the Group produced 15.2% more cast iron in the third quarter of the year compared with the previous quarter thanks to completing the schdeuled repairs of Blast Furnace 1 at the end of the second quarter (which meant the furnace went back to working at full capacity). The increase in cast iron output and completed scheduled repairs of the oxygen converter unit resulted in an 11.5% increase in steel output in QIII’18 against QII’18.

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