The Comprehensive Air Quality Index (CAQI) indicator for Magnitogorsk has almost halved over the past two years, official data shows, indicating a 2-fold improvement in air quality. The reading is the lowest in the history of Magnitogorsk. MMK has spent more than 21 billion rubles on environmental measures since 2017. The CAQI for the city…
In July-September MMK received $271 million of profit, down by 32% YoY. Revenue dropped by 4%, to $2.009 billion, and EBITDA – by 22%, to $525 million. In January-September profit decreased by 28% YoY, to $768 million. Revenue fell by 6.5%, to $5.844 billion, and EBITDA – by 22%, to $1.462 billion. (Ukrainian metal)
At the headquarters of Magnitogorsk Iron and Steel Works (MMK), the Magnitogorsk section of the conference “Best Available Technology in Blast Furnace Production” will take place. The conference was organized by the Russian Steel association, the International Union of Metallurgists and the magazine Eurasian Metals, with support from the Russian Ministry of Industry and Trade.…
Magnitogorsk Iron and Steel Works (MMK) has successfully completed the first stage of a large-scale project to implement a unified corporate information system (CIS) based on Oracle R12 for the group’s organizations. The two organizations transferred to MMK’s unified corporate system were United Service Company (which provides a range of maintenance and repair services) and…
Magnitogorsk Iron and Steel Works (MMK) and Chelyabinsk Pipe-Rolling Plant (ChelPipe) held their 25th coordination council, dedicated to cooperation between the two companies. The meeting was attended by MMK Deputy General Director for Sales Sergey Ushakov, Director for Procurement and Logistics of ChelPipe Alexey Talnikov, as well as representatives of the technical, production and commercial…
In January-September MMK decreased steel output by 1.7% YoY, to 9.392 million tons. Pig iron manufacture grew by 1.5%, to 7.409 million tons. Overall sales in 9 months dropped by 2.2%, to 8.535 million tons. HVA sales totaled 4.181 million tons, up by 2.6%. Their share increased to 49%. Sales of galvanized rolled metal went…
An extraordinary general meeting of MMK shareholders was held on September 27 with absentee voting. Shareholders approved by majority vote a dividend on MMK’s issued ordinary registered shares of 0.690 rubles (including tax) per share for the second quarter of 2019. The dividends will be paid in cash by bank transfer within the period and…
The coordination council of MMK and TMK has held a meeting. The parties discussed the results of cooperation and set prospects to continue it. This was the 27th meeting of the council. In 2018 TMK pipe plants received over half a million tons of flat rolled metal manufactured by MMK. In January-September deliveries will total…