Magnitogorsk Iron and Steel Works has announced that board of directors held a meeting on February 10. The board has approved May 26, 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 2, at the close…
In 2016 Magnitogorsk Iron and Steel Works produced 12.7 thousand tons of galvanized pipes. This was a record result in the history of the shop No. 8. The previous record was set in 2013, when MMK produced 11.3 thousand tons of galvanized pipes. 2016 also saw the monthly record of pipe output – 1540 tons…
Magnitogorsk Iron and Steel Works shipped 1,135 million tons of galvanized steel to its consumers in 2016, the most in the company’s history. The previous record of 1,116 million tons was achieved in 2014. During the past 15 years, MMK has sustainably grown its galvanized steel output. In 2002 and 2008, the company commissioned two…
OJSC Magnitogorsk Iron and Steel Works celebrates the 85th anniversary of the launch of its Magnitogorsk mill. On February 1, 1932 the mill’s first blast furnace produced its first batch of pig iron. This date has come to be celebrated as marking the launch of MMK – one of the largest metal facilities in Russia…
In 2016 Magnitogorsk Iron and Steel Works shipped 1135.5 thousand tons of galvanized rolled metal to its customers, which was record high for the company. The previous record – 1115.7 thousand tons – was reached in 2014. For the past 15 years MMK has been gradually increasing galvanized rolled metal output. The development of coated…
MMK Group’s total crude steel output in 2016 reached 12,544 thousand tons, up by 2.5% YoY. Overall steelmaking capacity utilization at the main Magnitogorsk site (subject to maintenance schedule) amounted to 89% (from 84% in FY 2015). MMK Group’s total finished steel product shipments in 2016 (excluding intra-group sales) amounted to 11,570 thousand tons, up…
The administration of the Kemerovo region has signed an agreement on socio-economical cooperation with Magnitogorsk Iron and Steel Works, which owns several mines, a processing factory and service companies in the area. This year coal output in the region is expected to increase by 1 million tons. The company will spend 0.5 million rubles on…
In 2016 Magnitogorsk Iron and Steel Works 2000 hot-rolled mill produced 5948 thousand tons of hot-rolled metal, which is an annual record in the whole history of the mill operation. Records have been marked for the third year in a row. In 2014 the mill produced 5930 thousand tons, in 2015 – 5935 thousand tons.…