Russia: MMK names new Head of Investor Relations

Magnitogorsk Iron and Steel Works (MMK) has appointed Veronika Kryachko as Head of Investor Relations. Veronika Kryachko brings with her years of experience in the metals, raw materials and financial sectors. Prior to taking up her current job, she held senior positions in investor relations, corporate development and M&A at companies including Uralkali, Rusal and…

Russia: MMK expects domestic sales increase

This year MMK intends to increase sales on domestic market by 5% YoY, to 8.1 million tons. Despite the drop of prices, the Russian market has demonstrated a better price dynamics compared with foreign markets. “Due to the dynamic demand growth and drop of imports, the balance of demand and supply has improved on the…