A new MMK sintering factory will have two unique sinter machines with no analogues in Russia. At present the company is assembling metal structures for the main premises and the buildings of the factory as well as machinery. The new machines will have a sintering area of 300 square meters at each sinter belt, with…
Magnitogorsk Iron and Steel Works (MMK) has decided to use the electronic trading platform B2B Center to choose equipment repair services. This will ensure the openness of tender procedures, as well as automating the collection of proposals from potential contractors and expanding the customer base. “We have successfully tested the capabilities and functionality of B2B…
A record indicator for the resilience of the refractory lining of the main arch of the two-hearth furnace (THF) was achieved at the electric steel smelting shop at Magnitogorsk Iron and Steel Works (MMK). Periclase carbonaceous refractories within the lining of THF No. 32 withstood three full months and 1,265 melts. The previous highest indicator…
PJSC Magnitogorsk Iron and Steel Works announced that an Extraordinary General Meeting of shareholders was held on September 28 with absentee voting. Shareholders approved by majority vote a dividend on MMK’s issued ordinary registered shares of 1.589 rubles (including tax) per share for the second quarter of 2018. The dividend will be paid in cash…
Magnitogorsk Iron and Steel Works (MMK) Group has been implementing a series of water protection initiatives aimed at decreasing the ecological impact on water facilities. The company’s short-term plans include completely eliminating the disposal of wastewater into Magnitogorsk Reservoir. To this end, MMK is completing a key stage in the reconstruction of the circulating water…
Magnitogorsk Iron and Steel Works (MMK) Group has developed its first program-controlled robot capable of executing the functions of an employee working on a computer. The robot was created by MMK Infoservice’s (a part of MMK Group) Center for RPA and Innovation based on innovative RPA (Robotic Process Automation) technology. The robot, which has already…
Magnitogorsk Iron and Steel Works will take part in the Expert Group for the Development in Russia of Standards for the Implementation of Technology and Innovation. A unified methodology will increase demand for Russian technology and help boost Russian companies’ competitiveness. The standards will constitute recommendations on working with external innovations, along with other measures…
In August MMK shipped 994.2 thousand tons of metal via railroad, up by 9.2% YoY. In January-August, according to railroad statistics, sales grew by 1.1% YoY, to 7.2 million tons. Russian customers received 4.68 million tons of metal, up by 8.5%, while exports dropped by 10.5%, to 2.48 million tons. (Ukrainian metal)