In CY19, MMK’s shipments of rolled steel to the domestic market, including the CIS countries, exceeded 9.7 MnT – a record for the entire post-Soviet history of the company.
The plant set its previous record for shipments to the domestic market in CY14, with 9.588 MnT.
Over the past 25 years, MMK has consistently increased its presence in the Russian and CIS markets. In 1996-1999, up to two-thirds of total sales were exported to foreign countries, but by the mid-2000s the share of the domestic market (including the CIS) in shipments exceeded 50%. In the CY10, the Company further increased its emphasis on the domestic market. In CY19, the domestic market accounted for 88.5% of sales, while exports amounted to 11.5%.
The record figures for CY19 are the result of the company’s implementation of an import substitution policy and its prioritization of meeting demand on the domestic market, which has been the focus of MMK’s largest investment projects in recent decades, including the creation of a modern section rolling factory and facilities for the production of coated steel, as well as the construction of the largest industrial complexes for the manufacturing of rolled plates and cold-rolled galvanised steel for the automotive industry.
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