Russian MMK’s steel products sales hit new record highs

Russia-based Magnitogorsk Iron & Steel Works (MMK) said that its shipments of finished steel products made to domestic markets totaled 730,000 tons in May, rising by 16% year on year and hitting the history new highs.

In May, the company’s output of commercial grade finished steel products totaled 948,000 tons and exports were at 115,000 tons.

Meanwhile, MMK’s shipments to the CIS countries totaled 101,000 tons in May.