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  OJSC Magnitogorsk Iron and Steel Works (MMK or the Company) announces that Moody’s Investors Service (“Moody’s”) upgraded the Company’s corporate family rating (CFR) today to Ba2 from Ba3 and probability of default rating (PDR) to Ba2-PD from Ba3-PD. The outlook on the ratings is positive. The upgrade of MMK’s ratings primarily reflects the significant improvement in the company’s financial metrics over the past two years, with gross leverage improving to 1.8x Moody’s-adjusted...

MMK is implementing a programme which modernises and expands the corporate system, solving the task of integrating all information flows of MMK Group's divisions. Since November 2020, four more of the Group's production companies (Avtotransport Management, Magnitogorsk Cement and Refractories Plant, Ogneupor and MMK-COAL) have launched a project to create a corporate information system (CIS) based on Oracle e-Business Suite V. 12 (OeBS). The CIS implementation specifics ...

... published the “Social responsibility rating of major Russian PJSC – 2021”, assessing the effectiveness of social projects of large businesses in the country. Magnitogorsk Iron & Steel Works demonstrated the best results among ferrous metallurgy companies. The company was especially commended for its aid to the city of Magnitogorsk during the heat of the coronavirus pandemic: MMK got top scores for “social projects effectiveness” in the first year of the pandemic (April 2020 – April 2021)....

A high-alert mode has been introduced on the territory of MMK Group enterprises, and special headquarters have been established under the leadership of the Company CEO. The Group is taking active measures to prevent the spread and reduce the risk of the coronavirus infection. During the current adverse conditions, the Company has suspended foreign business trips for employees and restricted business trips within Russia. The Company recommends that employees who visited territories with active...

... is the creation and development of digital marketing channels. In April 2021, MMK launched its corporate marketplace, MMK Market, which enables consumers to purchase products – from a box of nails to large consignments – directly from MMK Group companies without intermediaries, at wholesale prices and in a convenient format. Retail customers can pay by bank card, through the Faster Payments System (FPS) or by account number. In addition, legal entities can make purchases on credit with the use ...

PJSC Magnitogorsk Iron & Steel Works' ("MMK", or "the Company") (MICEX-RTS: MAGN; LSE: MMK), one of the world’s largest steel producers, is pleased to announce that the MMK Board of Directors held a meeting on 28 February 2020. The Board approved 29 May 2020 as the date for the Annual General Meeting (“AGM”) of the Company shareholders. The cut-off date for inclusion in the shareholder register for the AGM is 6 May 2020 at the close of trading on the London Stock Exchange...

The second corporate conference of PJSC Magnitogorsk Iron & Steel Works (“MMK” or “the Company”), entitled ‘MMK on the Road to Digitalisation’, will review the Company’s digital transformation over the past year and celebrate the best implemented projects and key participants in the Company’s digitalisation strategy. The second corporate conference of PJSC Magnitogorsk Iron & Steel Works (“MMK” or “the Company”), entitled ‘MMK on the Road to Digitalisation’, will review the Company’s digital transformation...

... "Project of the Year" organized by Global CIO in the category of "Best Industry Solution" in the metallurgy/continuous production/mining group. Additionally, MMK Trading House was also recognized as the best federal sales network among steel companies in the competition of the Russian Union of Metal Suppliers. The company’s steel depots and steel service centers were also lauded.

Magnitogorsk Iron and Steel Works (MMK) has been recognised among the winners of the Russian Leader of Competitive Purchases award. The company was presented with a prize for the best project in the modernisation of procurement business processes. 188 companies representing all sectors of the Russian economy were considered for the award. The winners were chosen by a public committee of 70 independent experts. This year, MMK submitted a project titled “Transformation of the procurement system with ...

MMK ranked first among Russian companies by the number of tourists in 2023. The ranking was compiled by the business portal “Production Management.” The Company was the winner in the overall standings as well as in the categories “Career-Oriented Tourism” and “Tours for Specialists....