Support The Moscow Times!

MMK Q1 Output Up 10%

Magnitogorsk Iron & Steel Works, known as MMK, on Thursday reported a 10 percent increase in total crude steel output in the first quarter of 2012 to 3.42 million tons, quarter on quarter.

Against the first quarter of 2011, crude steel output rose 11 percent, MMK said.

The company said it expects to increase sales of finished steel products in the second quarter. Its production of coking coal concentrate in the first quarter came to 776,000 tons, down 12 percent quarter on quarter, while consumption of its own iron ore fell 9 percent to 1.05 million tons. MMK's 2012 finished steel output could increase 15 percent from last year, the company said earlier.

(Reuters)

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more