MMK is in negotiations with Kazakh government
According to recent news in the market, Russian steel producer Magnitogorsk Metallurgical Combine (
MMK) is in negotiations with Kazakh government in order to reach an agreement regarding mutual supply of certain steel products.
In line with the agreement, Kazakh government will increase
iron ore and
coking coal supply to
MMK and the plant will supply Russian pipes to
Kazakhstan in return for it.
Kazakh government is also working with Russian
pipe plants; Chelyabinsk, Uralsk and Severskiy.