Russia’s MMK successfully restarts modernized mill 2500

Monday, 20 July 2020 17:27:40 (GMT+3)   |   Istanbul

MMK, one of the key Russia-based hot rolled coil (HRC) producers and exporters, successfully started the re-launch process of its mill 2500 on July 17. According to the company’s sources, the process has been going smoothly and the producer expects to achieve the planned production rates shortly. Some sources expect that the producer will be able to give some of its August production HRC for export despite the earlier disclosed intention to direct all its volume to the local market. “With the mill’s restart, MMK might give 30,000-50,000 mt for end-of-August production. That is what we expect. But let us see,” a Turkey-based source told SteelOrbis.

MMK’s mill 2500 was undergoing a modernization process since March this year, as reported earlier. Previously, the facility was able to produce around 3 million mt of merchant HRC. After the modernization, the mill is expected to produce up to 5.2 million mt of HRC per year with around 2.5-3 million mt being sold to third parties, SteelOrbis understands. However, after the maintenance, MMK plans to produce only big coils at mill 2500, up to a weight of 30 mt each.

Most Recent Related Articles

Ex-CIS HRC sellers seek to take advantage of market uptrend

Ex-CIS HRC deal prices surge on lack of competition, bullish mood in Turkey

NLMK Group's net profit down significantly in Q2

Russia’s MMK completes upgrade of its BF No. 2

Russia’s HRC exporters inactive, Ukraine increases offers