Magnitogorsk Iron and Steel Works’ (MMK) shipments of commercial metal products to the domestic market, including CIS countries, amounted to 9.029 million tons in 2018. This represents an almost 6% increase from the previous year. This constitutes the second largest shipment volume to the domestic market since 2014, when the shipments of metal products amounted…
Magnitogorsk Iron and Steel Works (MMK) invested around 500 million rubles into the continued implementation of initiatives aimed at improving the energy efficiency of its production processes in 2018. One of the key tools of energy efficiency improvement is through the elaboration and implementation of relevant innovation proposals. Back in 2016, an Idea Management unit…
PJSC Magnitogorsk Iron and Steel Works Board of Directors held a meeting on March 1. The Board approved May 31 as the date for the Annual General Meeting of Shareholders (AGM) of the company. The cut-off date for inclusion in the shareholder register for the AGM is May 6 at the close of trading on…
In 2018, the total financial benefit of the introduction of innovation suggestions at the Magnitogorsk Iron and Steel Works (MMK) amounted to 453.6 million rubles. Last year, MMK’s expert commission considered 5,792 proposals, of which 3,872 (66.8%) were selected as innovative ideas to be implemented. Traditionally, most of the ideas submitted addressed the issues of…
The meeting of the coordinating council of Magnitogorsk Iron and Steel Works (MMK) and TMK was held in Magnitogorsk. The representatives of both companies reviewed their joint work in 2018 and discussed future collaboration. According to the results of 2018, 504,600 tons of MMK’s flat steel products were shipped to TMK’s pipe mill. This represents…
In 2018, MMK Group’s financial contributions to charitable causes and new social programs increased by 11% YoY, reaching nearly 2.5 billion rubles. MMK allocated over 1.6 billion rubles to charitable and social projects. A key aspect of MMK’s and the group subsidiaries’ social programs is the encouragement of social activities aimed at improving the health…
The new air-separation machine in the MMK oxygen shop has produced 100 million cubic meters of technical gases, including oxygen, nitrogen and argon. The machine costing 4.2 billion rubles was assembled at the oxygen station No. 5 site in July 2018. The machine generates 35 thousand cubic meters of gaseous oxygen, 30 thousand cubic meters…
Magnitogorsk hosted a meeting of the MMK and TMK coordination council. The parties have discussed the results of the operation in 2018 and plans of further cooperation. In 2018 TMK pipe enterprises received 504.6 thousand tons of MMK flat rolled metal, up by 10% YoY. (Ukrainian metal)