MMK increases steel shipments to shipbuilders

MMK_ArabMetal

 

MMK – OJSC Magnitogorsk Iron and Steel Works (“MMK” or “the Company”) supplied 78 ths tonnes of metal products to shipbuilders in 2014, which represents a 37.2% growth y-o-y.
MMK has a successful and long-standing track record with the shipbuilding industry. The Company supplies up to half of all metal products sold to the Russian shipbuilding industry. Key customers of MMK include companies that are part of such groups as United Shipbuilding Corporation, Oka Shipyard, and Red Barricades Shipbuilding Plant.
MMK production of steel for the shipbuilding industry has been expanded following the commissioning of the thick plate Mill 5000 in 2009. The thick plate mill can produce steel used in production for the Russian naval fleet, tankers, modern ice-class vessels. Mill 5000 steel for shipbuilding is certified by such organisations as Lloyd’s Register, Bureau Veritas of France, the American Bureau of Shipping, Det Norske Veritas in Norway, Germanischer Lloyd, and the Russian Maritime Register of Shipping.