PJSC Magnitogorsk Iron & Steel Works, one of the world’s largest steel producers, announces that Standard & Poor’s Global Ratings has revised MMK outlook from positive to stable and affirmed the rating at BBB-. The outlook revision reflects uncertainties about near-term economic prospects, demand/supply and pricing for steel and raw materials, potential protection measures, and…
Magnitogorsk Iron & Steel Works (MMK) CEO Pavel Shilyaev has approved a new energy policy for the company, the strategic goal of which is to reduce energy costs in the cash cost of MMK’s products. To achieve this goal, the company will improve its system for monitoring the use of energy resources, increase the efficiency…
A high-alert mode has been introduced on the territory of MMK Group enterprises, and special headquarters have been established under the leadership of the company CEO. The group is taking active measures to prevent the spread and reduce the risk of the coronavirus infection. During the current adverse conditions, the company has suspended foreign business…
MMK Group has successfully implemented a new system that was designed and introduced by the corporate development department of MMK InformService. The system allows MMK to automate its work with documents, including creating, approving, signing and issuing orders and monitoring their execution. The development helps to speed up information flows within the company, as well…
As part of the promotion of MMK’s electronic trading platform, MMK-InformService has developed a new version of the MMK Supplier mobile app. The launch of the updated electronic trading platform (ETP) and new resources on MMK’s corporate website is one of the stages of implementing the Company’s transparency and openness policy aimed at developing MMK’s…
In 2019, Magnitogorsk Iron and Steel Works’ (MMK) deliveries of steel products to manufacturers of automotive equipment and components in Russia and the CIS exceeded 650 thousand tons, setting a new record for the company. MMK’s sales of rolled metal products to the automotive industry have set a record for the second year in a…
In 2019, Magnitogorsk Iron and Steel Works (MMK) allocated more than 8.7 billion rubles for environmental protection, of which more than 5.3 billion rubles were spent on capital construction of new and reconstruction of existing environmental protection facilities. MMK allocated a further 3.4 billion rubles for on-going environmental protection measures including repairs and maintenance of…
In 2019, MMK Group’s financial contributions to charitable causes and social programs increased by almost 4% YoY, reaching 2.5 billion rubles. At the same time, the share of the plant itself in the group’s total volume of social and charitable expenses amounted to around 70%, totaling almost 1.8 billion rubles, 11.6% higher than in 2018.…
