MMK ships record volume of galvanised steel in 2018

Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) shipped 1,269Mt of galvanised steel in 2018, the highest figure in the company's history, it claims.

MMK is one of the world's largest steel producers and claims to be a leading Russian metals company turning out a broad range of steel products with a predominant share of high-value-added products.

This latest result is 11.9% higher than the company's previous record of 1,134Mt of galvanised steel set by the business in 2017.

Over the past 15 years MMK has been consistently increasing its production of galvanised steel. In 2002 and 2008, the company commissioned two high-performance continuous hot-dip galvanising lines at its metal-coating shop. In 2012, it commissioned the second stage of a cold-rolling unit at sheet-rolling shop 11, comprising a continuous hot-dip galvanising line, as well as a combined continuous annealing and hot-dip galvanising aggregate. In July 2017, MMK put into operation its No.3 unit for continuous hot-dip galvanising, which has a capacity of 360kt/yr.

MMK claims that its development of coated metal production is in line with the company's goal of increasing output of high value-added advanced processed products.

In 2017, MMK produced 12.9Mt of crude steel and 11.6Mt of commercial steel products. The company had sales in 2017 of US$7.5 million and EBITDA of US$2.0 million.