MMK strengthens position on shipbuilding steel market

20 January 2015, Magnitogorsk, Russia

OJSC Magnitogorsk Iron and Steel Works (“MMK” or “the Company”) has received certification as a producer of flat rolled products of special grades used in shipbuilding by the Russian Maritime Register of Shipping. New steel grades produced at MMK’s Mill 5000 will be used to build and fit out floating drilling vessels and marine stationary platforms, as well as seagoing vessels.

The launch of the new product will strengthen MMK’s position on the Russian market for shipbuilding steel, where it already has market share of around 50%, and to export high-quality rolled products to international shipbuilders.

The high quality of new grades of shipbuilding steel produced by MMK is regularly confirmed by international certification received from organisations such as Lloyd’s Register, Bureau Veritas of France, the American Bureau of Shipping, Det Norske Veritas in Norway and Germanischer Lloyd.

About MMK

MMK is one of the world’s largest steel producers and a leading Russian metals company. The company’s operations in Russia include a large steel producing complex encompassing the entire production chain, from preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of high-value-added products. In 2013 the company produced 11.9 million tonnes of crude steel and 11 million tonnes of commercial steel products. MMK Group had sales in 2013 of USD 8,190 million and EBITDA of USD 1,223 million.