The automotive sheet business has been kind to the Russian steelmaker Magnitogorsk Iron & Steel Works (aka MMK). The company reports that shipments to foreign carmakers with localised production in Russia have increased dramatically when compared with 2014 figures.

Car manufacturing, claims the company, is one of the most promising and attractive segments and it is hoping to significantly strengthen its position in the sector.

The company intends to be the number one supplier to its domestic car manufacturing industry over the next 10 years as well as a key supplier to the three leading foreign brands producing cars in Russia.

MMK’s production capability for high-quality rolled products has been significantly expanded. The expansion of the company’s Chelyabinsk Mill 2000 cold-rolling facility means that the company can meet the strictest quality standards for both cold-rolled and hot-galvanised products.