Magnitogorsk Iron and Steel Works (MMK) took part in the 10th International Industrial Exhibition INNOPROM 2019 in Yekaterinburg. At the exhibition, MMK presented technology, developed at the plant in 2018 for the production of rolled sheet cryogenic steel grade 0H9, which was widely used in the production, storage and transportation of liquefied and compressed natural…
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…
At two plate-rolling workshops of Magnitogorsk Iron and Steel Works (MMK), a new digital system has been put in operation to monitor the number of cars that are in commercial operation. The system will allow for rapid identification of violations during work with rolling stock and significantly improve the efficiency of shipment unloading. In the…
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…
Magnitogorsk Iron and Steel Works (MMK) shipped 181,070 tons of long products to consumers in May, which was a record figure of monthly shipments of this type of product since the launch of the existing units of the long shop. The previous record figure was 172,000 tons of long product shipments, which was reached at…
Magnitogorsk Iron and Steel Works (MMK) took fifth place in the global 2019 Value Creators rankings among metals companies with the highest return on investment, compiled by international consulting company Boston Consulting Group. The rankings’ methodology is based on total shareholder return (TSR) generated in the past five years. Five-year TSR for MMK shareholders from…
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…
Magnitogorsk Iron and Steel Works (MMK)’s Industrial Park ranked 30th in the Investment Attractiveness Rating of Industrial Parks and Special Economic Zones according to media group Expert. In 2018, MMK Park rose by 17 places in the rating, changing the project from a “BB” attractiveness rating (for parks that are quite attractive, but require improvements…