On February 1 Magnitogorsk Iron and Steel Works turns 88. The enterprise was created at the foot of the Magnitnaya mountain. The first blast furnace produced the first pig iron on February 1, 1932. The first open-hearth furnace started operating in July 1933, and in August 1934 the company commissioned the 500-mill. In late 1980s…
In 2019, 1168.4 thousand tons of hot-rolled steel were produced at the thick-sheet Mill 5000 of the Magnitogorsk Iron and Steel Works (MMK). This is the highest annual production rate since the unit was launched. The previous record was set at the mill in 2010, when it produced 1160.5 thousand tons of rolled products. MMK’s…
The new continuous hot-dip galvanizing unit No. 3, built by Magnitogorsk Iron and Steel Works (MMK) in 2017, produced 334.6 thousand tons of galvanized metal in 2019. A year earlier, the unit produced 278.9 thousand tons of galvanized steel. As such, it is very close to the design capacity of 360 thousand tons per year.…
Magnitogorsk Iron and Steel Works (MMK) has implemented a system for recording multi-turn actuators using modern marking technology in the form of radio frequency identification tags (RFID). Marking with RFID tags has replaced the process of applying information manually with paint and barcoding. The goal of implementing the new technology is to improve the quality…
The influential industry magazine Metal Supply and Sales has named Magnitogorsk Iron and Steel Works (MMK) first among Russian producers of flat products. The magazine Metal Supply and Sales has published its traditional rating of the leading metallurgical companies in the second half of 2019, where PJSC MMK once again took the first place among…
The shareholders of Magnitogorsk Iron and Steel Works (MMK) have approved July-September 2019 dividends at 1.65 rubles per share, the company said. “A decision to pay dividends for the third quarter of the reporting year 2019 in the amount of 1.65 rubles per common share (tax included) was voted by the majority,” the statement said.…
Magnitogorsk Iron and Steel Works (MMK) has been named one of the top ten most environmentally responsible metals and mining companies in Russia in 2019, according to a rating compiled by World Wildlife Fund (WWF) Russia and the National Rating Agency. The company ranked particularly high in the environmental impact category, where it shared the…
The Center of Competence RPA and Innovation of MMK-Informservice has received an award from UiPath for the largest project on RPA robotics among production enterprises in Russia. Director for Russian Sales at UiPath Artem Vinogradov presented awards to the Director of MMK-Informservice Vadim Feoktistov and the head of the Center of Competence RPA and Innovation…