The mining and processing complex of Magnitogorsk Iron and Steel Works comprises of a mine shop, an ore-dressing factory, a sinter shop, a grinding-kilning shop and the sinter charge preparation shop. For the past several years the shop has undergone a massive reconstruction. In particular, the company has reconstructed the sulfur-exhaust machine, which allowed increasing…
Mintha Holding Limited of businessman Viktor Rashnikov has sold a 3% interest in Russia’s Magnitogorsk Iron and Steel Works (MMK) on the market for about 36.7 rubles per security, a financial source reported on September 6. “The bidding book was open yesterday and the placement of the entire stake was successful. Many Russian brokers bid…
In January-June Magnitogorsk Iron and Steel Works invested 1.64 billion rubles into reconstruction and construction of environment protection facilities. In particular in the sinter shop MMK has reconstructed a sulfur recovery unit No. 2. An extraction system for foundries of blast furnace No. 10 with the capacity of 800 thousand cubic meters per hour has…
In April-June MMK-Metiz received 444.6 million rubles of net profit, up 1.8-fold QoQ. In H1 the company received 696.4 million rubles of net profit against 110 million rubles in H1 2016. MMK-Metiz earnings in H1 totaled 9.62 billion rubles, up by 22% YoY. Sales in Q2 increased by 18% QoQ, to 5.21 billion rubles. (Ukrainian…
The imposition of EU duties on hot-rolled metal will not affect Magnitogorsk Iron and Steel Works. “At present a minimum price of 473 euro per ton is being discussed. If the price is higher, the duty will not be imposed. This price is ok for us. We’re trading at much higher prices, so the duty…
In January-June Magnitogorsk Iron and Steel Works received $538 million of net profit, up by 10.7% YoY. According to the company statement, its EBITDA increased by 29.2%, to $907 million, earnings grew by 37.8%, to $3,586 billion. In 2016 MMK produced 12.5 million tons of steel, up by 2.5% YoY. (Ukrainian metal)
Magnitogorsk Iron and Steel Works will replace converters at its oxygen converter shop. The project is expected to be complete this year. All the equipment will be supplied by Novokramatorsk Machine-Building Works (Ukraine). NKMZ has already shipped the equipment of the converter bulk. At present the works is manufacturing the third bulk of a converter.…
MMK-Metiz quality management system has successfully passed the audit for the correspondence to ISO 9001:2015 and ISO/TS 16949:2009. According to the company statement, the system has been checked by TUV Nord Cert experts. MMK-Metiz was certified according to ISO 9001 back in 2006, and according to ISO/TS 16949 in 2007. (Ukrainian metal)