The Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) has released its production results for the first month of 2008.
Accordingly, during the given period the mill recorded a 9.1 percent increase in its crude steel production to 1.22 million metric tons and a 9.6 percent rise in its finished steel production to 1.2 million metric tons.
However, MMK saw a 12.3 percent decrease in its agglomerate production, but a 7.2 percent increase in pig iron production and a nine percent increase in its coke output. The respective figures in metric tons were 932,800, 874,500 and 496,500.
In the first month of 2008, MMK saw a reduction in the share of exports in its overall sales to 42.1 percent.