MMK spent over 2.2 billion rubles on environmental safety improvement in 2010

MMK posted the 2010 results of its Environmental Program implementation today. In pursuit of a better ecology by reducing and preventing harmful impact on the environment the company implemented 35 special projects for the total of over 2.2 billion rubles (over $73 mln).

Most of the projects were aimed at developing increasingly safe water and gas purification systems and waste disposal facilities. MMK said it would work on ten additional projects of the kind in 2011.

As a result, in 2010 it became possible to reduce gross atmospheric emissions by 8.2 thousand tons while crude steel production at MMK increased by 18.7% and commercial steel products output grew by 17%.

The share of recycling water consumption at MMK stood at 97.3% of the total water intake of the company. The volume of reusable waste for sintering mixture grew by 6.4% to reach 2.182 mln tons. The volume of recycled slag boosted to 9.152 mln tons (32.75% up from 2009).

The total investment in the environmental safety at MMK amounted to 2.239 bln rubles including 1.373 bln rubles spent on new construction and existing environmental facilities renovation.

About MMK

MMK is among the world's largest steel producers and is one of the leaders of Russia's steel industry. 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 higher value added products. MMK realizes MMK-Atakas project in Turkey with annual capacity of 2.3 mln tons of flat steel. In 2010 MMK Group produced 11.4 mln tons of crude steel and 10.4 mln tons of commercial steel products. The MMK Group's revenue in 2009 totaled USD 5.081 bn, with EBITDA at USD 1.285 bn, and the profit for the period at USD 219 m.