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PJSC Magnitogorsk Iron and Steel Works ("MMK") announces that the implementation of rationalisation proposals at MMK for the first nine months of 2017 amounted to RUB 413.9 million, up 18% year-on-year from RUB 339.2 million in 9M 2016. In total over the 9-month period over 4,000 suggestions were submitted, out of which 2,673 ideas were approved for implementation – 61.8% of the total suggestions submitted. The corresponding implementation level for 2016 was 57.4%, showing an improvement...

As a result of company’s work, MMK has reduced its steel energy intensity by 9.5%, or 0.63 Gcal/t, in the first 8 months of 2021 compared to 2020. As a result of company’s work, MMK has reduced its steel energy intensity by 9.5%, or 0.63 Gcal/t, in the first 8 months of 2021 compared to 2020. For MMK, the introduction and operation of its energy management system is one of the effective tools for reducing energy costs. Since 2020, the Company has approved and implemented an Energy Policy. This...

Magnitogorsk Iron and Steel Works has won one of the most important awards recognising procurement activity in the Russia-wide professional competition for procurement companies “Leader in Competitive Procurement”. Winning the award for “Economic Efficiency in Procurement Operations” is further confirmation of the openness and accessibility of the competitive procedures that PJSC MMK offers suppliers, and ...

... award. The Green Light Award was established by Schneider Electric, one of the world's largest manufacturers of electrical equipment, which aims to become a European leader in implementing sustainable business approaches. The project aims to support companies in achieving their sustainability goals, promote the ESG agenda, attract business attention to the green economy sphere and develop decarbonisation programmes, as well as to transform society's consciousness for the transition to a responsible,...

Despite the Covid-induced difficulties facing both Russian and international markets, MMK- Lysvensky Metallurgical Plant (MMK-LMZ) recorded impressive financial results, alongside increased production figures, in 2020. 2020 saw MMK-Lysvensky Metallurgical Plant, an MMK subsidiary located in Lvysa, Perm Region, produce 268 thousand tonnes of finished products - a record figure for the plant. Annual revenue stood at RUB 17,993 million. MMK-LMZ increased production of its key products compared to...

Magnitogorsk Iron and Steel Works (MMK) has introduced a QR code on the quality certificates of its metal products. Now customers can use their tablets or smartphones to verify the authenticity of the quality certificate. The QR code allows users to download an electronic copy of the certificate onto their device. This service has been available since June 2019. The implementation of QR codes was carried out by specialists of MMK-Informservice (a subsidiary of MMK Group) together with the MMK...

At Magnitogorsk Iron and Steel Works (MMK), the total economic impact of the introduction of innovative proposals amounted to RUB 269 mln in the first half of 2018. In the first six months of this year, 2,533 ideas were examined by expert committees. 1,857 ideas, or 73.3% of the submitted ideas (63.8% in H1 2017), were implemented. More than half (52%) of these ideas were concerned with questions of labour protection and industrial safety. 15% of ideas were devoted to savings on material and...

... MMK’s strategy is aimed at ensuring its long-term sustainability including ongoing efforts to reduce its impact on the environment as well as the integration of best available technologies. Furthermore, one of the world’s largest iron and steel companies, MMK has been systematically implementing the Clean City initiative outlined in its Development Strategy to 2025. Over the past five years, MMK has installed aspiration systems for five blast furnaces and a gas cleaning unit for its double-hearth ...

MMK Trading House, a part of Magnitogorsk Iron and Steel Works ("MMK") Group, reports sales of 840,000 tonnes of products for the first eight months of 2017, up 14% year-on-year. In August 2017, the company set a new record in monthly sales – shipping more than 145,000 tonnes of metal, metalware, and profiled metal. Warehouse sales grew thanks to optimised warehouse logistics and increase in sales to end customers. Strong results were in particular demonstrated by the company’s production...

... dividend on MMK’s issued ordinary registered shares of RUB 0.690 (incl. tax) per share for the second quarter of 2019. The dividend will be paid in cash by bank transfer within the period and in the manner stated by the Federal Law on Joint-Stock Companies. The dividend record date is set as the close of trading on 15 October 2019. Information about MMK MMK is one of the world's largest steel producers and a leading Russian metals company. The company's operations in Russia span the entire value ...