Magnitogorsk metallurgic plant MMK

In H1 MMK's IFRS net profit down by 19.1%

In the first half of 2019 the net profit of the Magnitogorsk Iron and Steel Plant (MMK) group in accordance with IFRS decreased by 19.1% compared to the same period last year and amounted to 32.433

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MMK launches new sinter plant worth 30 billion rubles

The new sinter plant of MMK is equipped with the most modern equipment, which allows to obtain high-quality agglomerate, the best available technologies are used in its work.

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MMK increased steel production in the first half of the year to 6.198 million

In the first six months of the year, Magnitogorsk metallurgical plant increased steel production by 0.4% to 6.198 million tons, as it follows from the company's report on operating results.

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In 2018, export of Russian steel settled to Europe was record high

In 2018, Russia set a historical record for export of steel products to the EU, taken the second place among the largest suppliers to this market after Turkey.

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MMK ships record amount of long products

In May 2019, the Magnitogorsk metallurgical plant shipped to consumers 181.07 thousand tons of long products, which is the maximum monthly indicator of the shipment of this type of products since t

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Interview with general director of MMK

MMK’s general director Pavel Shilyaev has told the TASS about implementation of the company's investment program, plans to develop online trading and increase share of products with high

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MMK: share of HVA products to reach 50% by 2022

Over the next three years, the Magnitogorsk Iron and Steel Works (MMK) expects to increase the share of high value-added products (HVA) to 50%.

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Demand for MMK's eurobonds exceeds $ 2.2 billion

The Magnitogorsk Iron and Steel Works placed 5-year Eurobonds for $500 million. The coupon rate was set at 4.375% per annum.

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MMK to launch hot-rolled steel production facilities in Turkey not earlier than 2021

As the general director of the plant, Pavel Shilyaev, said, Turkey continues to see a decline in demand for rolled stock.

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MMK save 1.5 billion rubles using digital model of coal supply and consumption

In 2018, the Magnitogorsk Iron and Steel Works saved over 500 million rubles thanks to the use of a mathematical model of optimizing the purchase and consumption of coal raw materials.

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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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