Russia: MMK results for Q2 2018

In April-June MMK sold 2.848 million tons of metal, up by 0.7% QoQ, including 1.381 million tons of high added value products, up by 2.7%. In 6 months MMK sold 5.675 million tons of metal, including 2.726 million tons with high added value, up by 2.1% and by 7.3% YoY respectively. In particular, sales of…

Russia: MMK launches new sludge enrichment plant

A new plant for the enrichment of sludge at sludge depository No. 2 has been launched at PJSC Magnitogorsk Iron and Steel Works’ (MMK) ore-dressing workshop. This will allow the company to increase the share of its own iron ore materials in sinter production’s burden, but also to significantly decrease its industrial impact on the…

Russia: MMK repairs BF1

MMK has finished the reconstruction of the blast furnace No. 1, commissioned in 1932. The cost of the project, carried out in less than 6 months, totaled 5.4 billion rubles, including 2.35 billion rubles worth of machinery and the rest being construction and repair works. The reconstruction of the BF1 and the construction of the…

Russia: MMK commissions new air separator

MMK has assembled a new air-separation machine valued at 4.2 billion rubles in the oxygen shop No. 5. The machine can produce 35 thousand cubic meters of industrial oxygen and 30 thousand cubic meters of pure nitrogen, as well as some 1 thousand cubic meters of argon. The new machine will be able to save…

Russia: MMK industrial park adds major European investor as resident

PJSC Magnitogorsk Iron and Steel Works (MMK), the Chelyabinsk Region’s Investment Development Agency, together with Rusfoundryconsult and SEEIF Ceramic, a.s. (Czech Republic) have signed a cooperation agreement at the international industrial exhibition Innoprom 2018 in Yekaterinburg. The agreement was signed by CEO of MMK Pavel Shilyaev, Director of the Chelyabinsk Region’s Investment Development Agency, Alexey…

Russia: MMK sales down in June 2018

In June MMK sold 768 thousand tons of metal via railroad, down by 13.8% YoY. In Q2 sales decreased on average by 16.7% a month. In January-June MMK sold 5.21 million tons of metal via railroad, up by 0.1% YoY. Sales to domestic customers increased by 11.5%, to 3.41 million tons, while exports dropped by…

Russia: MMK implements “Industry 4.0” concept in strategic partnership with Oracle

Magnitogorsk Iron and Steel Works (MMK) is expanding its innovative cooperation with Oracle, having chosen the corporation as its strategic partner for the next five years in the implementation of the concept “Industry 4.0”. The optimization and unification of MMK’s business processes on the basis of a unified Corporate Information System (CIS) will facilitate the…

Russia: MMK steel smelting complex turns 85

On July 8, 1933 the first open-hearth furnace of MMK produced its first steel. This was the beginning of the steel smelting complex at the company. By the late 1980s MMK operated three open-hearth shops, which comprised 35 furnaces. Steel output reached 16 million tons. In 1990 the company commissioned the oxygen-converter shop. Now the…

Russia: MMK’s environmental efforts and resource management recognized by industry competition

Magnitogorsk Iron and Steel Works (MMK) won the XV industry competition titled “Metal and Mining Enterprises with Highly Effective CSR”. The competition participants were 61 metal and mining enterprises. For the second year in a row, MMK is amongst the winners in the category “Environmental Protection and Resource Management”. MMK’s investments in environment protection last…

Russia: MMK and AvtoVAZ developing cooperation

The AvtoVAZ delegation headed by the company president Yves Caracatzanis has visited MMK. The parties discussed cooperation issues and prospects of creating new steel grades for car industry. This is the first Yves Caracatzanis’ visit to MMK since his appointment in early June. AvtoVAZ is one of MMK’s largest partners – last year the company…

Russia: MMK EGM approves dividends for Q1 2018

PJSC Magnitogorsk Iron and Steel Works Extraordinary General Meeting of shareholders was held on June 13 with absentee voting. Shareholders approved by majority vote a dividend on MMK’s issued ordinary registered shares of 0.801 rubles (including tax) per share for the first quarter of 2018. The dividend will be paid in cash by bank transfer…

Russia: MMK sales down in May 2018

In May MMK decreased railroad transportation of rolled metal by 11.6% YoY and by 3.4% MoM, to 829 thousand tons. In January-May railroad shipping of metal from MMK increased by 3% YoY, to 4.44 million tons, the highest result in the past 4 years. Deliveries to domestic customers grew by 13%, to 2.85 million tons,…

Russia: MMK hot-rolling mill sets record

In May the most efficient rolling mill at MMK – the 2000 hot-rolling mill – set a record of monthly output – 527.5 thousand tons. This is the maximum monthly output since the mill’s commissioning in 1994. The previous record was set on January 2015 – 526.2 thousand tons. The 2000-mill is one of the…

Russia: Trading House MMK sales up in 2017

In 2017 Trading House MMK sold 1.2 million tons of metal valued at over 46 billion rubles.

The share of the end customers reached 65%.

TH MMK, an official seller of MMK products, has 30 divisions in Russia and 5 in Kazakhstan.

Its strategic regions are the Urals, Povolzhye and Siberia. (Ukrainian metal)

Russia: MMK showcases environmental policy in action

Magnitogorsk Iron and Steel Works (MMK) has published a video titled “MMK – Caring About the Future” describing its environmental efforts. The six-minute video presents the results of MMK’s environmental activities in the past few years in a clear and simple way, and outlines the company’s mid-term environmental plans. The video summarizes an enormous amount…

Russia: MMK celebrates Environment Day

Russia marked Environment Day on June 5 – an important date for Magnitogorsk Iron and Steel Works (MMK), as the company annually invests billions of rubles in environmental activities. Employees of MMK’s environmental laboratory, created three decades ago, celebrated their professional holiday. Ongoing reduction of the plant’s environmental impact and adoption of the best available…

Russia: MMK AGM results

On June 1 MMK held its Annual General Meeting of Shareholders (AGM) in Magnitogorsk. The AGM approved MMK’s annual report and financial statements for FY 2017 and approved a dividend payment for the 2017 financial year of 0.806 rubles per share (including tax). Previously shareholders received interim dividends for H1 2017 of 9,710.5 million rubles…

Russia: MMK receives top global Energy Management award

The PJSC Magnitogorsk Iron and Steel Works (MMK) won the 2018 Award of Excellence in Energy Management from the Clean Energy Ministerial (CEM), a high-level global forum that promotes policies and programs to advance clean energy. An independent panel of international experts selected only three organizations worldwide for this top honor in energy management. The…