Annual Report 2010 - Magnitogorsk Iron & Steel Works

16 22 26 28 32 38 50 72MMKBusiness ModelMMK’s Missionand StrategyOJSC MMK Boardof Directors'The Company'sProductionSales MarketsFinancesCorporateGovernanceEnvironmentProtectionModern, High-Performance AssetsPage 30Intercos-IVSteel service centre and astamping plant, started upin Nov. 2010ZAO ProfitCovers 100% of scraprequirementMMK-MetizOne of the largest metalwareproducers in RussiaFinished products’ output in2010: 450,000 tonsCJSC Belon4.2 m tons of coking coalproduced in 2010. Coversup to 40% of MMK coalsupplyTurkey ProjectSteel making and rollingcomplex, scheduled toproduce 2.3 m tons of rolledsteel by 2012Captive iron oreproduction4.7 m tons in 2010.Covers up to 30% of MMKiron ore supplySteel segmentRaw materials segmentDistribution network of Torgovy Dom MMK LLCNetwork of ZAO Profit scrapcollection sitesPrioskol Iron OreDeposit ProjectMMK’s license for Russia’slargest undeveloped ironore deposit with reserves ofover 2 bn tonsOJSC MMK: Europe’s largest and the world’s second largest single-site steel producingcomplexMMK-produced ironore (up to 30% oftotal need )MMK-produced coalconcentrate(up to 40% of total need )Sinter productionCoke and chemicalby-productsSinter:11.6 m tonnesCoke5.7 m tonnesPig iron:10.1 m tonnesCommercial steelproducts:13.3 m tonnesScrap:5.7 m tonnesCrude steel: 14.3m tonnesRollingPage 29M tons Capacities as at the end of 2010Steel & Style , 10 MMK ANNUAL REPORT 17