🕐13.02.09 - 09:33 Uhr

MMK Q4 and FY2008 operational results



February 13, 2009 MMK Announces Q4 and FY 2008 Operational Results Major Products Output Production Q4 2008 Q3 2008 2008 2007
‘000 tons ‘000 tons % ‘000 tons ‘000 tons % Cast iron 1 205 2 276 -47,0% 8 541 9 482 -9,9% Crude steel 1 648 3 293 -50,0% 11 957 13 261 -9,8% Finished products output 1 542 2 935 -47,5% 10 911 12 203 -10,6%
Production Q4 2008 Q3 2008 2008 2007
‘000 tons ‘000 tons ‘000 tons ‘000 tons ‘000 tons ‘000 tons Finished products output 1 542 2 935 -1 393 10 911 12 203 -1 292 Slabs and billets 104 170 -66 952 976 -24 Long products 187 453 -266 1 577 1 788 -211 Flat hot-rolled products 837 1 573 -736 5 661 6 391 -730 Flat cold-rolled products 161 340 -179 1 362 1 563 -201 Downstream products
Tin plate 39 58 -18 216 249 -34 Galvanized steel 101 142 -41 455 426 29 Galvanized colour-coated steel 28 43 -14 157 179 -21 Band 34 82 -47 282 336 -55 Formed section 42 56 -15 187 219 -32 Pipes 8 18 -11 62 74 -13
Global economic conditions significantly impacted the demand for steel products in the year of 2008.

Increasing demand during the first nine months of the year was followed by a sharp decrease in the fourth quarter. As demand subsided, the company took the decision to cut steel output and optimize the product mix.

In Q4 2008 MMK produced 1,648 thousand tons of crude steel and 1,542 thousand tons of finished steel products. FY 2008 production stood at 11,957 thousand tons of crude steel and 10,911 thousand tons of finished steel products.

The company continued implementing its cost saving and product mix expansion projects.

The year of 2008 saw commissioning of Heating Furnace №4 (at rolling shop №10) and Hot Dip Galvanizing Line №2.

Major upgrades included installation of bell-less top charging system for Blast Furnace №10 and repair of Converter №3 at BOF including body substitution.
Kind regards, Evgeny Kovtunov Head of MMK IR t.

+7 3519 24 9355 f.

+7 3519 24 9360



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