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…
In January-September MMK net profit grew by 31.7% YoY, to $1.072 billion. Consolidated revenue increased by 11.7%, to $6.252 billion, and EBITDA – by 30.6%, to $1.881 billion. In Q3 the company increased profit by 2.3% QoQ, to $401 million, but decreased revenue by 0.7%, to $2.091 million. EBITDA went up by 3.2%, to $671…
Magnitogorsk Iron and Steel Works (MMK) has become the only Russian company in the metal and steel industry to be included among the top ten ranking Russian companies for environmental initiatives, a bi-annual list compiled by the Living Planet channel and the Modern Media Research Institute (MOMRI). In the rankings for the first half of…
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,…
Magnitogorsk Iron and Steel Works (MMK) has launched a project, which allows guests to visit the company’s production site. Several sightseeing tours are now readily available to tourists. “Taming the Fire” – this tour includes a visit to Russia’s largest blast furnace plant and the unique complex of Mill 5000 whose products are used to…
In January-September MMK produced 7.301 million tons of pig iron and 9.552 million tons of steel, down by 2.8% and by 0.2% YoY respectively. Metal products output grew by 0.6%, to 8.599 million tons. Bars accounted for 1.372 million tons, up by 0.3%, hot-rolled sheets – 3.92 million tons, up by 3.2%, and cold-rolled sheets…
In September direct railroad deliveries of ferrous scrap to MMK grew by 11% YoY, to 258.7 thousand tons. According to the railroad statistics, in 9 months deliveries totaled 1.36 million tons, up by 3.6%. Since 2012 MMK has been the leader in scrap purchases via railroad. (Ukrainian metal)
In September sales of MMK rolled steel to local customers and abroad totaled 896.1 thousand tons, down by 7.8% YoY. According to the railroad statistics, in 9 months sales reached 8.05 million tons, up by 0.01% YoY. Russian customers received 5.26 million tons, up by 6.4%, while exports dropped by 10.1%, to 2.79 million tons.…
