Russian steel producer Magnitogorsk Iron and Steel Works (MMK) has announced that it shipped a record volume of coated rolled products to the local market in 2023.
Accordingly, in the given year, the company shipped more than 1.7 million mt of coated rolled products to the domestic market, up 19 percent year on year, a record volume in its history. Hot dip galvanized (HDG) accounted for 1.5 million mt of the total shipments and pre-painted galvanized iron (PPGI) for 500,000 mt. The domestic market comprises 91 percent of MMK’s total order portfolio.
Ivan Radyukevich, head of MMK’s sales department, has stated that 2023 was quite a successful year for Russian steelmakers, adding that, even though exports declined, local coated rolled production increased thanks to the significant improvement in domestic consumption.
In the meantime, sales of specialized products and premium segment products to the domestic market rose by more than 100,000 mt. Therefore, MMK was able to maintain its position as key automotive supplier in Russia and the CIS. The company is also developing products to substitute imports and is trying to increase the share of local products.
