The National agency of welding control has confirmed the quality of the welded copper-plated wire of MMK-S3MoTiB grade with the diameter of 3, 4 and 5 mm according to TU 14-4-1877-2004 produced by MMK-Metiz. The corresponding certificate has been issued. The wire could be used in the construction of North Stream 2. (Ukrainian metal)
Since the beginning of 2017 the Trading House MMK LLC has sold over 75 thousand tons of rolled metal in Kazakhstan, up 2-fold YoY. The company has long and successfully been operating on the Kazakhstan market, increasing sales. In May the company sold its record volume of metal – 20 thousand tons. Trading House MMK…
Magnitogorsk Iron and Steel Works held an annual meeting of the shareholders. They have approved of the annual report and the accounting report for 2016, as well as decided to pay dividends for 2016 in the amount of 1.242 rubles per share. Earlier the shareholders received dividends for the first half of 2016 in the…
In January-March Magnitogorsk Iron and Steel Works increased sales of cold-rolled metal by 49% YoY, to 11.9 billion rubles. According to the company statement, bars sales went up by 52%, to 12 billion rubles. The increase in both cases was due to the rise of average prices – by 46% and by 45% respectively. Galvanized…
In Q1 Magnitogorsk Iron and Steel Works finished the reorganization of its coalmining company Belon. Within the program 7 companies, previously a part of Belon, joined MMK-ugol. MMK controls 67.76% of MMK-ugol. (Ukrainian metal)
In 2016 Magnitogorsk Iron and Steel Works increased rolled metal supplies to Georgia by 30% YoY. Total supplies to the Transcaucasia countries last year exceeded 150 thousand tons, or 16% of all deliveries to the neighbor foreign countries. The company notes good prospects to increase exports to the region. (Ukrainian metal)
The net profits of Magnitogorsk Iron and Steel Works in January-March increased by 53.5% YoY, to $241 million. According to the company statement, earnings increased by 58.1% YoY because of the higher sales prices (by $249 per ton, or by 76.8%). EBITDA grew by 106.4%. (Ukrainian metal)
The oxygen-converter shop of Magnitogorsk Iron and Steel Works has reached an important milestone – 200 million tons of steel. At present this is one of the most efficient shops in the world. This is also the main steel smelting division of MMK, which yields over 80% of the total steel, or around 10 million…