Magnitogorsk metallurgic plant MMK

Standard&Poor's Global Ratings changed MMK's rating outlook to “stable”

Magnitogorsk metallurgical plant has informed that international rating agency Standard&Poor's Global Ratings changed outlook on MMK's

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Russian steelmakers reduce their investment programs

NLMK was the first Russian steel company that announced a review of its investment plans due to the effects of the coronavirus.

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MMK approves new energy policy

By order of general director P. V.

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MMK to reduce production and is preparing to increase exports of rolled products

According to MMK group's expectations, prices for steel products on the Russian market will strive for export parity in the next 2-3 months.

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MMK-METIZ commissions new galvanizing line

Magnitogorsk hardware and calibration plant MMK-METIZ is putting into commercial operation a new line of continuous hot-dip galvanizing of wire wit

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In 2019, MMK saved about 500 million rubles due to increased energy efficiency

Implementation of projects to improve energy efficiency of production processes allowed Magnitogorsk metallurgical plant to achieve an economic effect of about 500 million rubles in 2019.

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MMK: in 2019, domestic market accounted for 88.5% of sales

In 2019, Magnitogorsk metallurgical plant set a record for shipments to the domestic market (including CIS countries) - more than 9.7 million tons of rolled metal.

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MMK significantly increases deliveries to pipe manufacturers

In 2019, deliveries of metal products from Magnitogorsk metallurgical plant to pipe industry enterprises increased by 27% compared to the same indicator of the previous year and amounted to 2564 th

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In 2019, MMK's profit decreased by 35%

In 2019, the MMK group's net profit under IAS decreased by 35% compared to the previous year and amounted to $856 million, the company reported.

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MMK may pay dividends for 2019 in the amount of 1.507 rubles per share

MMK's Board of Directors has recommended that annual general meeting of shareholders approve dividends for 2019 in the amount of 1.507 rubles (including tax) per common share.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

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