Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

MMK has completed the reconstruction of its hot-rolling mill 2500 to increase its production capacity to 5.2mn mt of rolled metal annually. The company also completed the technical re-equipment of its blast furnace No 2 to improve productivity by over 30pc.


The Russian firm said in a statement on  Monday that this expansion project has enabled it to extend its product range and improve the quality of its products. 


The steelmaker will put its cross-cutting unit No 1 into operation by the end of July to improve its product assortment. MMK also plans to launch another conveyer with a cart in order to transfer coil in a horizontal position to avoid any damage. Moreover, the company plans to install H65 shears and hydro scale in July this year. 


For its blast furnace reconstruction, MMK said it had invested close to $70mn for a design that will allow productivity of the furnace to increase by at least 3,900mt per day from 2,477mt/per day in 2019. 


Moving forward, MMK plans to construct a new blast furnace by 2024 with an increased production capacity to make 3.7mn mt of pig iron every year. It claims that this construction will allow the company to put six old blast furnaces out of operation and reduce atmospheric emissions. 

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