24 February 201110:29
MMK goes strong on home market
The share of metal goods delivered by Magnitogorsk Iron & Steel Works (MMK) onto domestic market went up to 69% of the total shipments volume last year. ‘For reasons of geographical proximity and good growth potential, we see the home market as our priority and a strategically important one,’ says MMK BOD Chairman Viktor Rashnikov. The company kept on building up on its metal goods sales in Russia for the last few years. While MMK only sold 36% of its produce domestically in 1999 and shipped 64% abroad, already in 2005 its home sales exceeded the export shipments for the first time. In