MMK Growth Prospects - Magnitogorsk Iron & Steel Works
MMK Growth Prospects - Magnitogorsk Iron & Steel Works
MMK Growth Prospects - Magnitogorsk Iron & Steel Works
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Investment Highlights<br />
• Key beneficiary of steel market recovery – production growth currently planned at 70% by 2017,<br />
>45% by 2013<br />
• Growing volumes and share of HVA products (45% by 2013) to secure sustainably high efficiency<br />
• Focus on specialty steel products to replace imports in Russia and to capture domestic market price<br />
premium<br />
• Access to lucrative Turkish flat steel market with high-quality steel products<br />
• Emphasized direct exposure to growing industry sectors in the domestic market – pipe-building,<br />
automotive and heavy machinery industries<br />
• Technological flexibility to address raw-material market fluctuations – crude steel production using<br />
iron ore/coking coal vs. scrap<br />
• Strong balance sheet well-positioned to finance further growth<br />
• Plans for further strengthening in commodities<br />
20
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