You are here: Home > Steel News > Latest Steel News > MMK...

MMK aims to supply steel products to 100% of carmakers in Russia

Tuesday, 22 March 2016 14:05:01 (GMT+3)   |   Istanbul
       
Russian steel producer Magnitogorsk Iron and Steel Works (MMK) has announced that it is aiming to supply steel products to 100 percent of car manufacturers operating in Russia, and within this scope has been consistently implementing its import substitution strategy and received approved rolled steel supplier status.

According to MMK’s statement, its rolled steel has already been approved by 80 percent of carmakers in Russia and 60 percent of them procure MMK’s rolled steel on a regular basis. In particular, MMK is a key supplier of rolled steel to Russian automakers AvtoVAZ and UAZ. Furthermore, MMK has received approval from a number of international companies with localized production in Russia. In the coming years, MMK plans for 100 percent of car manufacturers who localize their production in Russia to receive its steel.

MMK also stated that the commissioning of its Mill 2000 in 2011-2012 enabled it to convincingly compete with its international peers. The Mill 2000 is able to meet the most rigorous requirements for surface quality of cold rolled and hot dip galvanized steel, cover tight thickness requirements, as well as apply zinc-iron (galvanneal) and phosphate coating for anti-corrosion protection.

Similar articles

Flat steel prices in local Taiwanese market - week 46, 2024

14 Nov | Flats and Slab

Ex-India HDG prices stable but bid-offer disparity stalls deals

14 Nov | Flats and Slab

HRC prices from EU mills remain stable, import offers rise slightly despite slow demand

14 Nov | Flats and Slab

Turkish flat steel spot prices soften further as mills reduce HRC prices

14 Nov | Flats and Slab

Chinese HDG export prices mainly stable, but some offers show upward bias

14 Nov | Flats and Slab

Assofermet: October also characterized by price uncertainty and weak demand

14 Nov | Steel News

Japan’s HRP and HRS shipments up 25.9 percent in September from August 

14 Nov | Steel News

Major steel and raw material futures prices in China – November 14, 2024 

14 Nov | Longs and Billet

Turkey’s CRC imports down 14.2 percent in January-September

14 Nov | Steel News

US issues preliminary results of AD/CVD reviews on HRC from S. Korea

14 Nov | Steel News