MMK high value-added goods go up 24%
Magnitogorsk Iron & Steel Works (MMK) came up with a production performance report for the second quarter of 2010. The company manufactured 2,985,000 tons of steel and 2,623,000 tons of goods over the given period, which was, respectively, 9% and 7% better than in the first quarter of 2010. The enterprise’s hot-rolled production dropped by 112,000 tons, or 7% in the second quarter compared with the first quarter of the year; on the other hand, the output of goods with high added value increased by 174,000 tons, of 24%, with the share of such goods in the company’s total goods output rose