Magnitogorsk Iron and Steel Works (MMK) shipped 1.286 million tons of galvanized steel in 2019, the highest figure in the company’s history. 2019 was the second year in a row that MMK broke its own record. In 2018, the company shipped 1.269 million tons of galvanized steel, which at the time was also a record…
On February 1 Magnitogorsk Iron and Steel Works turns 88. The enterprise was created at the foot of the Magnitnaya mountain. The first blast furnace produced the first pig iron on February 1, 1932. The first open-hearth furnace started operating in July 1933, and in August 1934 the company commissioned the 500-mill. In late 1980s…
In 2019, 1168.4 thousand tons of hot-rolled steel were produced at the thick-sheet Mill 5000 of the Magnitogorsk Iron and Steel Works (MMK). This is the highest annual production rate since the unit was launched. The previous record was set at the mill in 2010, when it produced 1160.5 thousand tons of rolled products. MMK’s…
The new continuous hot-dip galvanizing unit No. 3, built by Magnitogorsk Iron and Steel Works (MMK) in 2017, produced 334.6 thousand tons of galvanized metal in 2019. A year earlier, the unit produced 278.9 thousand tons of galvanized steel. As such, it is very close to the design capacity of 360 thousand tons per year.…
Metal product sales of ММК Metalurji, a Turkish affiliate of Russia’s Magnitogorsk Iron and Steel Works (MMK), decreased by 15.9% QoQ, to 158,000 tons in October-December 2019 due to a tough market situation, MMK said in a statement on January 21. In the whole of 2019, the sales fell by 6.2%, to 720,000 tons, it…
Magnitogorsk Iron and Steel Works (MMK) has implemented a system for recording multi-turn actuators using modern marking technology in the form of radio frequency identification tags (RFID). Marking with RFID tags has replaced the process of applying information manually with paint and barcoding. The goal of implementing the new technology is to improve the quality…
The influential industry magazine Metal Supply and Sales has named Magnitogorsk Iron and Steel Works (MMK) first among Russian producers of flat products. The magazine Metal Supply and Sales has published its traditional rating of the leading metallurgical companies in the second half of 2019, where PJSC MMK once again took the first place among…
The shareholders of Magnitogorsk Iron and Steel Works (MMK) have approved July-September 2019 dividends at 1.65 rubles per share, the company said. “A decision to pay dividends for the third quarter of the reporting year 2019 in the amount of 1.65 rubles per common share (tax included) was voted by the majority,” the statement said.…
