trending Market Intelligence /marketintelligence/en/news-insights/trending/lVKi_sPfySc8tyerlQL7WQ2 content esgSubNav
In This List

Russia's MMK acquires electro-galvanized steel producer LMC Group

Blog

Battery Metals Trends

Blog

Insight Weekly: SPAC momentum builds on; higher rates fear; copper prices rebound

Blog

Greenhouse gas and gold mines - Emissions intensities unaffected by lockdowns

Blog

Q&A: U.S. Battery Storage and Global Battery Metals Trends Webinar


Russia's MMK acquires electro-galvanized steel producer LMC Group

PJSC Magnitogorsk Iron & Steel Works, or MMK, said Dec. 11 that it acquired Russia's only producer of electro-galvanized steel, LMC Group, but did not disclose financial details.

LMC Group includes Lysva Metallurgical Co. LLC, Lysva Metallurgical Plant CJSC and the Insajur-Autotrade-TL LLC trading company. LMC produces up to 350,000 tonnes of cold-rolled coated steel per year, and its products are used in the automobile, construction and engineering sectors.

MMK CEO Pavel Shilyaev said the acquisition will help diversify MMK's product range.

"In addition, the transaction will help to increase the group's overall operational efficiency and competitiveness by increasing production volumes and sales of high value added products," said Shilyaev.