Magnitogorsk metallurgic plant MMK, Russia Metals and Mining

Net profit of MMK under IAS grew by 3.3 times to 73.43 bln roubles

The net profit of MMK group under IAS in 2016 rose by 3.3 times against 2015 to 73.43 bln roubles, the company reports.

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NLMK: global demand for steel in 2017 not to exceed 1%

Closeness to final consumers in the markets of presence and the developed chain of supplies from the Russian assets provide a high loading of the company’s capacities.

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MMK doubled annual profit under RAS

MMK OJSC on the results of 2016 more than doubled its net profit under RAS against 2015. In 2016 MMK made a net profit of 67.968 bln roubles against 31 bln roubles in 2015.

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In 2016, MMK’s net profit under RAS grew 2.2 times to 67.9 bln rubles

In 2016, the net profit of the MMK Group under Russian Accounting Standards (RAS) increased 2.2 times and amounted to 67.9 billion rubles, the company reports.

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MMK reduced its debt

The net debt of MMK fell by 83% in 2016.

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MMK may resume production in Turkey

MMK may resume the operation of hot rolling shop at Turkish steel plant MMK Metalurji already in July, its director for economics Andrei Eremin said on February 15.

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Net profit of MMK under IAS in 2016 grew by 2.6 times to $1.1 bln

The net profit of MMK group under IAS in 2016 grew by 2.6 times to $1.1 bln against 2015, the company reports.

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MMK prepares for annual meeting of shareholders

The MMK's Board of Directors has approved the date of the annual general meeting of its shareholders - May 26, 2017.

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MMK set a record of zinced pipes production

In 2016 MMK sipped over 12.7 thousand tons of zinced pipes.

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In 2016, MMK increased steel production by 2.5%

In 2016, the steel production in the group of the Magnitogorsk metallurgical plant (MMK) increased compared to the previous year by 2.5% to 12.54 million tons, the company reports.

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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"
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