🕐15.04.09 - 10:14 Uhr
MMK (MMK:LI) announces Q1 2009 Trading update
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:
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