MMK sees Russia steel product output 12.0 million tonnes

Magnitogorsk Iron & Steel Works (MAGN.MM), Russia's third-largest steelmaker, said on Friday its core plant in the Urals will produce 12.0 million tonnes of steel products next year.

The company also said in a presentation that its new MMK-Atakas Turkish joint venture will produce 1.3 million tonnes of steel products.

This year's steel products output is seen at 10.2-10.3 million tonnes.

The presentation also said that MMK sees averaged realised price growth potential of at least 15 percent next year.

source