News
Magnitogorsk Iron and Steel Works (MMK) has invested RUB 2.9 billion in digitalisation projects over the past three years and generated RUB 2.6 billion in savings (RUB 800 million in 2023), according to Andrey Eremin, MMK’s Director for Economics, who spoke at the anniversary conference “RPA Connect: The Magic of Attraction.”
Magnitogorsk Iron and Steel Works (MMK) plans to issue digital financial assets (DFAs) worth RUB 500 million for a term of 12 months and with a fixed monthly yield of 18.85% per annum. The decision was published on Sber’s digital assets platform on 1 July 2024.
Magnitogorsk Iron and Steel Works (MMK) celebrated the 60th anniversary of the launch of its largest blast furnace, No. 9, which produced its first cast iron on 29 June 1964. At that time, it was the largest blast furnace not only in the Soviet Union but in all of Europe.
Magnitogorsk Iron and Steel Works (MMK) has begun operating a new project management system called Evolution, a digital product based on the Visary Project platform that enables the Company to manage an unlimited number of projects, programmes and portfolios at the same time.