Russia: MMK repairs wire mill-170

MMK has completed the repair of the small-section mill-170. The mill saw repair of its heating furnace, as well as the replacement of all Stelmor fans. The contract to modernize the mill was concluded in late 2017 with Danieli and Officine Meccaniche S.p.A. The cost of the contract was 5.5 million euros. At present both…

Russia: MMK takes part in international forum in Germany

Magnitogorsk Iron and Steel Works (MMK) participated in the international exhibit of metallurgical technologies METEC 2019. At the MMK stand, the visitors were able to familiarize themselves with a wide range of products and technological capabilities of one of Russia’s largest metallurgical companies. As a result of a large-scale technical re-equipment in recent years, MMK…

Russia: MMK places $500-million Eurobonds

Magnitogorsk Iron and Steel Works (“MMK”), one of the largest steel suppliers in Russia rated Baa2 (Moody’s) / BBB (Fitch) / BBB- (S&P), returned to the international market after more than 15 years with a successful placement of 5-year $500-million Eurobonds with an annual coupon rate of 4.375% payable semi-annually. The proceeds of the issue…

Russia: MMK offers $500-million 5-year Eurobonds

Magnitogorsk Iron and Steel Works (MMK) has opened a bidding book for $500-million 5-year Eurobonds with a yield guidance of 4.75% annually, a banking source reported.

The company has been holding meetings with investors in Moscow, European and U.S. cities since May 30.

Citi, J.P. Morgan and Societe Generale are the organizers. (Prime/Ukrainian metal)

Russia: MMK improves supply chain

PJSC Magnitogorsk Iron and Steel Works (MMK) and LLC Siemens, a subsidiary of the German Group of Companies Siemens AG, have signed a contract for the supply of electrical equipment for a period of three years. The joint work of the companies will be organized through the Siemens online store – Industry Mall. Through the…

Russia: MMK taking part in SteelStructures’2019

PJSC Magnitogorsk Iron and Steel Works (MMK) and OJSC MMK-METIZ are among the exhibitors at the 4th specialist exhibition “SteelStructures’2019” which opened in Moscow. At the MMK and MMK-METIZ stands, visitors can see a wide range of products and technical capabilities that are of interest to manufacturers of steel structures, as this is an important…