Russia: MMK named among best enterprises by WWF

The rating was initiated by the World Wide Fund for Nature (WWF) of Russia and the United Nations Environment Programme (Russian Federation Mission). The rating was carried out by the National Rating Agency on the basis of data on the activities of companies, which was publicly available (reports, reports, media, official websites of companies). The…

Russia: Belon suing MMK for $160 million

The minority shareholders of Belon demand MMK, owning over 95% in the company, to buy coal assets and not reorganize them. They also estimate the company losses at 10.7 billion rubles ($160 million). The reorganization was carried out in 2015-2017. The minority shareholders, who have filed the claim, hold 1.3% in Belon. MMK entered the…

Russia: Standard&Poor’s assigns MMK “BBB-” rating, Outlook Stable

On December 10 rating agency S&P Global Ratings assigned the PJSC Magnitogorsk Iron & Steel Works’ (MMK) “BBB-/A-3” long- and short-term issuer credit ratings with Stable Outlook. In a press release S&P notes that its assessment of MMK’s creditworthiness incorporates MMK’s low-cost production profile, strong operating efficiency, significant share of high value-added products in sales,…

Russia: new appointments at MMK

In accordance with the order of the General Director of PJSC MMK, some appointments have been made. In particular, Sergey Ushakov, who previously held the position of Deputy General Director for Production, was appointed Deputy General Director for Sales of PJSC MMK. Oleg Shiryaev, who previously held the position of Director of OJSC MMK-METIZ (Magnitogorsk…

Russia: MMK railroad sales up in October 2018

In October MMK shipped 949.5 thousand tons of metal via railroad abroad and to local customers, up by 7.4% YoY.

In 10 months sales grew by 0.7% YoY, to 9 million tons.

Russian customers received 5.8 million tons, up by 5.2%, and exports totaled 3.21 million tons, down by 6.4%. (Ukrainian metal)

Russia: MMK recognized for import-substitution product

Magnitogorsk Iron and Steel Works (MMK) became a national prizewinner of “Prioritet 2018”, a national award in the area of import substitution in the Metallurgy category. The jury highly praised a unique polymer rolled steel SteelArt produced at MMK-Lysva Metallurgical Plant (part of MMK Group). SteelArt is a polymer rolled product with a decorative coating…

Russia: MMK legal team named among best corporate counsels

Magnitogorsk Iron and Steel Works’ (MMK) legal team, led by Chief Legal Officer Sergey Shepilov, has been named among best corporate counsels by Legal 500, an authoritative international legal publication. The Legal 500’s GC Powerlist: Russia Teams ranking includes Russia’s most influential and innovative corporate legal counsels. The ranking is made by leading market experts.…

Russia: MMK presents capabilities during Metal-Expo

Magnitogorsk Iron & Steel Works (MMK) participated in Metal-Expo’2018, the 24th International Industrial Exhibition, in Moscow. Traditionally, MMK’s stand was one of the biggest and the most impressive at the forum. Its visitors were able to explore a wide range of products and technological capabilities from both MMK plant itself and MMK Group’s companies. Among…

Russia: scrap deliveries to MMK down in October 2018

In October direct scrap deliveries to MMK totaled 283.5 thousand tons, down by 12.9% YoY.

According to the railroad statistics, in 10 months deliveries reached 1.65 million tons, up by 0.3% YoY.

Since 2012 the company has been a leader in scrap purchases via railroad. (Ukrainian metal)

Russia: MMK management systems’ effectiveness confirmed by audit

Magnitogorsk Iron and Steel Works (MMK) Group has successfully passed the external supervisory audit of its quality management systems (QMS), environmental management systems (EMS) and industrial and labor safety management systems (ILSMS) for compliance with the requirements of international standards ISO 9001, IATF 16949, ISO 14001 and OHSAS 18001. The audit conducted by external auditors…

Russia: MMK to modernize coke manufacture

MMK and Sinosteel Equipment & Engineering Co have signed a memorandum of intention and cooperation in the project to reconstruct the MMK coke manufacture. The parties have agreed to conclude agreements for the construction of objects under the project. The project presupposes the construction of the coke-oven battery No. 12, reconstruction of the recovery plant,…