27 Jan 2011 13:36
MMK boosts steel output by 19% to 11.4 mln tonnes in 2010
MOSCOW. Jan 27 (Interfax) - Magnitogorsk Iron & Steel Works (MMK) boosted crude steel output in 2010 by 19% to 11.419 million tonnes, the company said in a trading update.
Finished steel product output increased by 17% to 10.245 million tonnes in 2010.
MMK production ('000 tonnes, unless otherwise stated):
| Q4 | Q3 | % | 2010 FY | 2009 FY | % | |
| Pig iron | 2 363 | 2 315 | 2,1% | 9 234 | 8 163 | 13,1% |
| Crude steel | 2 765 | 2 938 | -5,9% | 11 419 | 9 618 | 18,7% |
| Finished products output, incl.: | 2 508 | 2 661 | -5,7% | 10 245 | 8 764 | 16,9% |
| slabs and billets | 11 | 83 | -87,2% | 209 | 3 | - |
| long products | 315 | 336 | -6,1% | 1 065 | 1 004 | 6,0% |
| flat hot-rolled products | 1 246 | 1 367 | -8,9% | 5 524 | 5 356 | 3,1% |
| high value-added (HVA) products, incl.: | 936 | 874 | 7,1% | 3 448 | 2 401 | 43,6% |
| thick plate (mill 5000) | 294 | 245 | 20,0% | 943 | 159 | 493,1% |
| flat cold-rolled products | 284 | 280 | 1,4% | 1 116 | 1 089 | 2,5% |
| downstream products | 358 | 349 | 2,5% | 1 388 | 1 154 | 20,3% |
Coking coal concentrate output by MMK's subsidiary OJSC Belon rose by 20% in 2010 to 2.96 million tonnes.
The Q4 2010 average realized price per tonne of steel products amounted to $664, which is 5% higher q-on-q.
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