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One of the largest metallurgical enterprises of Russia presented the report for last year

One of the largest metallurgical enterprises of Russia presented the report for last year

In the report submitted by the Magnitogorsk metallurgical plant, says the company’s profit. Over the past twelve months the production of steel amounted to twelve and a half million tons. Hence, the number of finished products increased by two and a half percent compared to the year 2015. The main site of the Magnitogorsk metallurgical combine was loaded on eighty-nine percent. The figure was calculated taking into account stops for repairs. In comparison with the twelve months 2015, the index rose by five percent.

For the fourth quarter, the plant produced 3.1 million tons of steel. Thus, it is 0.7 percent less than in the third quarter of 2016. Iron production in the last quarter of last year amounted to 2.3 million tons. Which is 2.2 percentage points lower than in the third quarter of the same year. In this case, the drop in the number produced products that are associated with stops for planned maintenance. In November last year passed the inspection of the blast furnace, in the tenth workshop of the plant.

Besides, the specialists of Magnitogorsk steel works has carried out studies of demand on the Russian market. The report says that last year there was a slowdown in the fall in demand for products. By the end of the year this indicator showed a decline of six percent. Which is quite significant, given the critical state of the industry throughout the year. It is expected that this year will be a renewal of domestic demand and maintaining price premiums. This will be achieved mainly through the improvement of the situation in many sectors of Russian industry. However, the report assumes some decline in demand in the first quarter of this year. This is due to the usual seasonal fluctuations.

Shipment of products for the year amounted to eleven and a half million tons. The figure provided minus any internal momentum. This figure rose to three and a half percent.

Insufficient demand in the domestic market, the plant compensated by export sales. So, for twelve months, exports amounted to more than twenty-seven percent. This means that the export of the plant increased by nineteen percent.

Today, the company is one of the leaders of the world’s steel production. Besides, the plant is one of the largest enterprises of ferrous metallurgy in the Russian Federation. Group a metallurgical complex with a closed production cycle. The group produces raw material preparation from iron ore. The bulk of goods are metallurgical products with high added value.

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