In the second quarter of the current year, the crude steel production of Russian steelmaker MMK Group totaled 3.390 million mt, up 6.3 percent compared to the first quarter of the year, while its crude steel output in the first half of the year amounted to 6.578 million mt, up 6.9 percent year on year, as announced by the company.
MMK Group's finished steel product output in the second quarter totaled 3.227 million mt, up 10.6 percent quarter on quarter, while finished steel product output in the first half amounted to 6.146 million mt, up 8.1 percent year on year.
MMK Group's high value-added (HVA) steel product output in the second quarter this year increased by 11.9 percent quarter on quarter, reaching 1.433 million mt. The share of HVA production in MMK Group's total steel product output in the given quarter amounted to 44.4 percent. In the first six months, the output of HVA steel products declined by 0.9 percent year on year to 2.715 million mt.
During the second quarter, MMK's cast iron production decreased by 1.3 percent to 2.571 million mt, its long steel product output increased by 3.5 percent to 465,000 mt, and its flat hot rolled product output increased by 5.4 percent to 1.413 million mt - all on quarter-on-quarter basis.
In the third quarter this year, MMK Group's production and sales volumes are expected to be slightly lower quarter on quarter due to the seasonal slowdown in business activity in the domestic market and holidays in Middle Eastern countries.
