MMK is in negotiations with Kazakh government

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.