April 15, 2009
MMK Announces Operational Trading Update for Q1 2009
I.

Major products output Production Q1 2009 Q4 2008 Q1 2009 Q1 2008
000 tons 000 tons % 000 tons 000 tons % Cast iron 1 592 1 205 32,1% 1 592 2 613 -39,1% Crude steel 2 070 1 648 25,6% 2 070 3 598 -42,5% Finished products output 1 917 1 542 24,3% 1 917 3 287 -41,7%
Production Q1 2009 Q4 2008 Q1 2009 Q1 2008
000 tons 000 tons 000 tons 000 tons 000 tons 000 tons Finished products output: 1 917 1 542 375 1 917 3 287 -1 370 Slabs and billets 0,2 104 -104 0,2 431 -431 Long products 256 187 68 256 485 -229 Flat hot-rolled products 1 260 837 422 1 260 1 612 -352 Flat cold-rolled products 188 161 27 188 411 -223 Downstream products:
Tin plate 39 39 0 39 62 -23 Galvanized steel 79 101 -22 79 106 -27 Galvanized colour-coated steel 38 28 10 38 42 -4 Band 30 34 -5 30 82 -52 Formed section 14 42 -28 14 39 -25 Pipes 14 8 6 14 18 -4
The growth in Q1 2009 production compared to Q4 2008 is due to the increased level of sales mainly on the domestic market.
* * * The Magnitogorsk Iron and Steel Works OJSC (MMK) is among the worlds largest steel producers and is one of the leaders of Russias steel industry.

The Company is a large steel producing complex encompassing the entire production chain, from preparation of iron ore to downstream processing of rolled steel.

MMK turns out a broad range of steel products with a predominant share of value added goods.

In 2008 the Company produced 11.9 m tonnes of crude steel, and 10.9 m tonnes of commercial steel products.
Contacts MMK: Elena Azovsteva +7 3519 24 90 82 e-mail: Evgeny Kovtunov +7 3519 24 93 55 e-mail: