As part of the implementation of its Big Data strategic initiative, Magnitogorsk Iron & Steel Works is planning to complete five projects in 2018 that will result in savings of over 40 million rubles a year. At the end of 2015 MMK adopted a new development strategy for the period through 2025 that included, among…
The Magnitogorsk Iron and Steel Works (MMK) is the largest supplier in Russia of rolled metal for the production of pipes and is constantly strengthening and expanding its cooperation with pipe producers, mastering new products that meet modern requirements. This position was announced at the 8th All-Russia Conference “Steel Pipes: Production and Regional Sales” by…
The PJSC Magnitogorsk Iron and Steel Works (MMK) won the 2018 Award of Excellence in Energy Management from the Clean Energy Ministerial (CEM), a high-level global forum that promotes policies and programs to advance clean energy. An independent panel of international experts selected only three organizations worldwide for this top honor in energy management. The…
In 2017 MMK sold 3.22 million tons of hot-rolled metal, with some 60% supplied to Russian pipe companies. According to MMK senior region sales manager Andrei Golitsyn, the main customers are Seversky Pipe Works, Uraltrubprom and Almetyevsky Pipe Works. Last year Ural Federal District accounted for around 55% of all sales, with Privolzhsky for 30%…
The council on the strategic development of the MMK Group has approved the project on the construction of the blast furnace slag dry cooling machine. The cost of the project is 3 billion rubles. It will undergo an expertise soon. The project will be carried out by Shlakservice LLC, a part of MMK. (Ukrainian metal)
Magnitogorsk Iron and Steel Works (MMK) was recognized in the Ferrous Metallurgy category of the XVI national annual IT Leader awards. The expert jury gave high praise to MMK’s large-scale project aimed at updating the software infrastructure of MMK Group, comprising more than 60 companies. The IT Leader awards have been held since 2002 and…
In April MMK supplied 858.3 thousand tons of rolled metal to its customers, down by 7% MoM and by 2.7% YoY. At the same time, in January-April sales grew by 7%, to 3.6 million tons, the highest result in the past several years. Delivery to Russian customers increased by 16.4% YoY, to 2.26 million tons,…
Magnitogorsk Iron and Steel Works (MMK) and Turkish metallurgic company Coskunoz have launched a 1-billion ruble MMK-Coskunoz-Alabuga car parts facility in Russia’s republic of Tatarstan. The plant is located in the Alabuga special economic zone. It will produce steel car parts for Ford Sollers and other domestic car makers. The projected capacity is 150,000 tons…