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MMK ships record amounts of products to pipemakers

Russia-based OJSC Magnitogorsk Iron and Steel Works (MMK) shipped a record amount of products to pipemakers and produced the largest amount of hot-rolled products in 2014 for the whole period of its modern history.

In 2014 MMK shipped more than 2.78 million metric tons of metal products to pipemakers, up 24.3 percent year-over-year. The company’s share of the domestic market improved to 33.2 percent in 2014 from 29 percent a year before.

Record production at MMK’s Mill 2000 resulted in 5.93 million metric tons of hot-rolled products—largest amount since its launch in 1994. Also in 2014 the company produced 10.28 million metric tons of cast iron, a record for the whole period of its modern history.