OREANDA-NEWS. October 17, 2007. The Magnitogorsk Iron & Steel Works OJSC ( ММК ) ranks 20th among the world’s largest steel producers (Source: IISI) and is one of the leaders of Russia ’s steel industry (Source: Chermet), reported the press-centre of MMK.

The company is a large steel producing complex encompassing the entire production chain, from preparation of iron ore to downstream processing of rolled steel. ММК turns out a broad range of steel products with a predominant share of value added goods.

In 2006 the Company produced 12,5 m tonnes of crude steel and 11,3 m tonnes of commercial products. In 2006 sales under US GAAP amounted to USD 6,4 bn, with net profit standing at USD 1,4 bn.

Full report see here: http://www.mmk.ru/eng/press/news/article.wbp?article-id=AD71AD41-AC10-1016-019D-A4FCE837068C