MMK Group Trading Update for Q3
OREANDA-NEWS. MMK Group's overall crude steel output in Q3 2015 totalled 3,141 thousand tonnes (+5.8% q-o-q). Overall steelmaking capacity utilisation at the main Magnitogorsk site in Q3 2015 exceeded 83%. Converter production was at 100% capacity, and capacity utilisation of electric arc furnaces increased to 28%.
MMK Group's overall finished steel product shipments in Q3 2015 (excluding intra-group sales) amounted to 2,894 thousand tonnes (+8.1% q-o-q).
MMK Group's HVA steel product output in Q3 2015 increased by 55 thousand tonnes q-o-q to 1,350 thousand tonnes. HVA products' share in the total output volume decreased by 1.6 p.p. q-o-q to 46.7%. Capacity utilisation in key rolled production facilities (mill 5000 and mill 2000 c/r) stood at nearly 100%.
Production of Belon coal concentrate in Q3 2015 stood at 730 thousand tonnes (+4.1% q-o-q).