In 2019, MMK Group’s shipments to the Russian market, including MMK-Lysva Metallurgical Plant, amounted to more than 8.3 million tons of metal products, up by 8% YoY. Denis Chernenko, Head of MMK’s Marketing Department spoke about this at the 13th Russian Conference “Regional Metal Trade of Russia” in Sochi. Shipments of hot-rolled steel accounted for…
Since the launch of “Steel Route – a tour of MMK” in October 2018, over 10,000 people have visited the production site at Magnitogorsk Iron and Steel Works (MMK). Actually, MMK had been open to guests long before the launch of the program. The production site of one of the country’s largest steel producers had…
The total economic effect from the implementation of projects to improve energy efficiency of production processes at Magnitogorsk Iron and Steel Works (MMK) in 2019 amounted to around 500 million rubles. These substantial results were achieved thanks to MMK’s efforts to improve energy efficiency at all levels of the industrial site. One of the most…
In 2019, Magnitogorsk Iron and Steel Works (MMK) deliveries of metal products to pipe industry enterprises increased by 27% YoY and amounted to 2,564 thousand tons. This is the second largest shipment to pipe companies in the post-Soviet history of the company. Only in 2014 did MMK manage to deliver a larger volume, when the…
In 2019, the economic impact of rationalization proposals implemented at Magnitogorsk Iron and Steel Works (MMK) amounted to 585.4 million rubles, up by 29% YoY. The importance of innovation in today’s global industry determines the need for companies to pay special attention to the development of rationalization and invention. In this regard, rationalization activities are…
In 2019, MMK’s shipments of rolled steel to the domestic market, including the CIS countries, exceeded 9.7 million tons – a record for the entire post-Soviet history of the company. The plant set its previous record for shipments to the domestic market in 2014, with 9.588 million tons. Over the past 25 years, MMK has…
The Magnitogorsk Iron and Steel Works board of directors has recommended the shareholders to approve of dividends for Q4 2019 on the level of 1.507 rubles per share. The decision will be taken at the extraordinary meeting. In Q3 2019 dividends totaled 1.65 rubles per share. (Ukrainian metal)
Magnitogorsk Iron and Steel Works (MMK) shipped 1.286 million tons of galvanized steel in 2019, the highest figure in the company’s history. 2019 was the second year in a row that MMK broke its own record. In 2018, the company shipped 1.269 million tons of galvanized steel, which at the time was also a record…