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... together more than 200 managers and specialists from various regions of the country. On September 14-15, the organisers will host the "Russian Metal Service Centres: Equipment, Technologies, Market" conference. Representatives of metal processing companies will discuss developments in processing of flat, long and pipe rolled products in Russia; the development of sales markets for metal service centre products and promising niches for the introduction of new types of metal products and other relevant ...

On November 13, 2019, the Board of Directors of MMK approved a new version of the Company’s dividend policy. In line with the new dividend policy, the Board of Directors of MMK will now be guided by the following established principles when making recommendations on dividend payments: - Тhe amount allocated for dividend payments will usually be at least 100% of free cash flow, calculated on the basis of MMK’s consolidated financial statements and in accordance with IFRS, provided that the net...

Magnitogorsk Iron and Steel Works (MMK) shipped 1,269 million tonnes of galvanized steel in 2018, the highest figure in the Company's history. This result is 11.9% higher than the previous record of 1,134 million tonnes of galvanized steel set by the Company in 2017. Over the past 15 years MMK has been consistently increasing the production of galvanized steel. In 2002 and 2008, the Company commissioned two high-performance continuous hot-dip galvanizing lines at its metal-coating shop. In 2012...

... the international certification body TUV NORD CERT covered both the structural and functional divisions of MMK and the key entities of the Group involved in the production processes of the plant and suppliers of its products and services. Among these companies were 'MMK Metiz', 'United Service Company', 'Ogneupor', 'Building Complex', 'Mehanoremontny Complex', 'Magnitogorsk Cement-Refactory Plant', 'Slakteris', 'Remput', 'MMK-InformServis', 'Profit' and 'Magnitogorsk Plant of Rolling Rolls'. The ...

Magnitogorsk Iron and Steel Works (MMK) has once again been included in Living Planet channel and the Modern Media Research Institute (MOMRI)'s bi-annual list of the top ten Russian companies in the fuel and energy and metallurgical sectors for environmental performance. Thanks to good results in the second half of 2017, MMK placed 9th on the list, up one place compared to the previous six-month period. In total, 33 companies ...

According to the plan, commissioning of the 2nd stage of the service center and stamped components plant will be done on the phase-by-phase basis. To date, design and engineering work is accomplished, pressing equipment ordered and paid for. As part of the 1st phase, construction is currently in progress, communications and utilities are being put in place. The 1st phase of the MMK-Intercos 2nd stage will be deployed at the premises of the already built service center. The pressing equipment...

... ferrous metallurgy enterprises. MMK is considering the possibility of covering 100% of the needs of the St Petersburg-based company and the contractors involved in implementing Synergy’s projects in St Petersburg. The cooperation agreement signed by the companies at SPIEF will be valid for a period of five years.

Today, the First Industry Innovators Forum “Innovations and organizational transformations in industrial companies” opened at the site of Jubilee Sanatorium which belongs to PJSC Magnitogorsk Iron and Steel Works. The event organized by the Industrial Innovations association together with MMK and Ya-IT-i IT & Digital Directors Club will last for two ...

  Moody’s Investors Service confirmed Magnitogorsk Iron and Steel Works’ (MMK) Ba3 corporate family rating (CFR) and Ba3-PD probability of default rating (PDR).   The outlook on the ratings is stable. This concludes the review for downgrade initiated by Moody's on 23 December 2014 when MMK’s ratings were put on review in a combined decision to place a number of Russian non-financial corporates on review for downgrade, reflecting the severe and rapid deterioration in the operating...

OJSC Magnitogorsk Iron & Steel Works' (MMK) is pleased to announce that on May 23 th , 2016 rating agency Fitch Ratings revised the Outlook on MMK’s Long-term Issuer Default Rating (IDR) to Positive from Stable and affirmed the IDR at 'BB+'. In its press-release Fitch notes that the Positive outlook reflects MMK's strong financial performance which allowed MMK in 2015 to reduce FFO adjusted gross leverage to around 1.3x, mainly through debt repayments. In addition to a strong financial...