Magnitogorsk Iron and Steel Works has won an award for the Main Event in the Russian Steel Industry 2017
OREANDA-NEWS. Magnitogorsk Iron and Steel Works has won an award for the Main Event in the Russian Steel Industry 2017. This award was given to MMK in recognition of the construction project for the continuous hot-dip galvanising unit No 3, which was implemented in July of this year.
The awards ceremony for the prize-winners took place in Moscow as part of the formal reception to open the leading exhibition of the steel industry, Metal-Expo 2017. Alexey Kuzmin, Head of Domestic Sales for PJSC MMK, was presented with a certificate and a trophy, sculpted into the shape of a steel worker.
The Continuous hot-dip galvanising unit No 3 was built on the grounds of the sheet-rolling plant No 11. The unit is designed for producing products with a zinc coating, which is applied by hot-dip galvanising on thin-sheet cold-rolled strips of low-carbon steel. A contract for the supply of equipment for the new unit was signed in July 2015 with the mechanical engineering firm SMS group (Germany). The new unit can produce 360,000 tonnes a year, for which it will use uncoated cold-rolled strip, produced in plant No 11. This project has been implemented in line with the PJSC Magnitogorsk Iron and Steel Works strategy to increase its production share of High Value Added advanced processing products.
The competition for the Main Event in the Russian Steel Industry was established in 2011 by the organising committee of Metal-Expo, with the aim of supporting and promoting innovative projects in the metallurgic industry. Every year it celebrates the most important projects implemented with a total investment value of more than EUR 100 million. Magnitogorsk Iron and Steel Works won the competition in 2011 and 2012 for constructing and putting into operation two stages of a modern cold-rolling mill (mill 2000) in plant No 11.
MMK is one of the world's largest steel producers and a leading Russian metals company. The company's operations in Russia include a large steel-producing complex encompassing the entire production chain, from the preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of high-value-added products. In 2016, the company produced 12.5 million tonnes of crude steel and 11.6 million tonnes of commercial steel products. MMK Group had sales in 2016 of USD 5,630 million and EBITDA of USD 1,956 million.