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MMK Increases Deliveries to Automotive Industry by 23% in H1 of 2019

Steel News - Published on Wed, 21 Aug 2019

Image Source: SteelGuru
Magnitogorsk Iron and Steel Works delivered more than 314,000 tonnes of steel products to the automotive industry in the first half of 2019, exceeding the previous year's figure for the same period by 23%. The share of shipments to the automotive industry in the first six months of this year amounted to 7.5% of MMK's supplies to the domestic market. The first half of this year saw significant increases in the supply of Magnitogorsk metal to such automakers as AVTOVAZ, UAZ and Volkswagen. MMK is a leading supplier of steel products from ferrous metals to automobile plants and related enterprises that produce automotive components. The company supplies cold-rolled and hot-dip galvanised steel to all major Russian companies in the industry, as well as to foreign automakers localising their capacities in Russia. At the same time, MMK’s share within the structure of metal consumption in many enterprises of the automotive industry reaches 50-80%.

An important step in the expansion of MMK's presence in the steel market for the automotive industry was the commissioning in 2011-2012 of the modern cold rolling complex in the sheet rolling shop No. 11 – Mill 2000. The launch of the complex allowed MMK to compete closely with foreign manufacturers. The technological features of the complex have made it possible to meet the most stringent requirements for the surface quality of cold-rolled and hot-galvanized steel, to provide high tolerances in thickness, and to produce high-strength IF-HS, HSLA, BH and DP steel that is in demand among automakers and automotive component manufacturers. In 2018, the supply of MMK steel products to the automotive industry amounted to almost 550,000 tonnes, which became a record figure for the company. This year, MMK plans to surpass the mark of 600,000 tonnes of metal products shipped to the automotive industry.

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Posted By : Sanju Moirangthem on Wed, 21 Aug 2019
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