🕐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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