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OJSC Magnitogorsk Iron and Steel Works ("MMK") has brought its energy saving and energy efficiency improvement initiatives to a new level. Expenditure on low-cost projects with timely returns (baby-capex) in this area grew four-fold in 2016 compared to 2015. Baby-capex on energy efficiency improvements increased to RUB 1.2 bln in 2016 as compared to RUB 300 mln in 2015. Overall investment into projects planned for 2017 is estimated at RUB 1.5 bln. Energy efficiency initiatives also...

... Russian metals market. This year’s award ceremony was held on 9 November at the conclusion of the 23rd international conference Russian Metal and Steel Market. This year, participants submitted 99 entries and included network and regional metal trading companies, as well as sales networks of metallurgical companies, metal depots and service metal centres. MMK TH and the separate subdivisions that are part of its branch network received multiple awards, with MMK TH named among the winners in the Best ...

... 'Priooritet 2018' award ceremony took place on 19 November in Moscow. The guests included representatives of the Ministry of Industry and Trade, the state Duma's Committees, the Chamber of Commerce and Industrial Development Fund. Overall, 160 Russian companies were nominated in 30 categories. MMK has been the winner of the award for the third consecutive year: in 2017, the Company received the award for the development of facilities for the production of high-quality galvanised rolled products, and ...

  Magnitogorsk Iron and Steel Works (MMK) won the XV industry competition titled ‘Metal and Mining Enterprises with Highly Effective CSR’. The competition participants were 61 metal and mining enterprises. For the second year in a row, MMK is amongst the winners in the category ‘Environmental Protection and Resource Management’. MMK’s investments in environment protection last year exceeded 4 billion rubles. The company undertook a number of large ecological projects including: the reconstruction...

Oleg Parfilov, Director of Occupational Health, Industrial Safety and the Environment at Magnitogorsk Iron and Steel Works (MMK), discussed the Company's work to improve social well-being and preserve the environment of Magnitogorsk and the surrounding areas during a meeting of the Magnitogorsk Public Chamber. Oleg Parfilov, Director of Occupational Health, Industrial Safety and the Environment at Magnitogorsk Iron and Steel Works (MMK), discussed the Company's work to improve social well-being...

A record indicator for the resilience of the refractory lining of the main arch of the two-hearth furnace (THF) was achieved at the electric steel smelting shop at Magnitogorsk Iron and Steel Works (MMK). Periclase carbonaceous refractories within the lining of THF No. 32 withstood three full months and 1,265 melts. The previous highest indicator of lining stability for this unit was 1,259 melts, achieved in 2005. An increase in the numbers of melts per lining allows for an increase in the output...

OJSC Magnitogorsk Iron and Steel Works ("MMK" or “the Company”) today, on 27 May 2016, held its Annual General Meeting of Shareholders (AGM) in Magnitogorsk. The AGM approved MMK's annual report and financial statements for FY 2015 and resolved to pay a dividend for the 2015 financial year of RUB 0.31 per common share of issued stock (incl. tax). Earlier shareholders were paid interim dividends for H1 2015 of RUB 0.58 per common share (incl. tax). The AGM elected MMK’s...

... Moscow on June 2. The two-day event will bring together senior and mid-level managers in IT and digitalisation, as well as representatives of the business units of MMK, NLMK, Severstal, EVRAZ, Metalloinvest, TMK, UMMC, RCC, Norilsk Nickel and other companies. The second annual IT forum of metallurgical enterprises Smart Mining & Metals opens in Moscow on June 2. The two-day event will bring together senior and mid-level managers in IT and digitalisation, as well as representatives of the business ...

Marina Korneva, a specialist at the Strategy and Development Department of the Magnitogorsk Iron and Steel Works (MMK), spoke about the Company's experience in the field of industrial tourism at the interregional forum Arctic Tourism Week in Norilsk. Marina Korneva, a specialist at the Strategy and Development Department of the Magnitogorsk Iron and Steel Works (MMK), spoke about the Company's experience in the field of industrial tourism at the interregional forum Arctic Tourism Week in Norilsk...

... international standard ISO 45001:2018. As noted in the new version of the policy, MMK's mission is to safely produce high-quality products. The Company has the following goals: to ensure zero injuries; to take a leading position among metallurgical companies in terms of key indicators in the field of labour protection and industrial safety; to improve the production culture and personal commitment of employees to comply with the principles of labour protection and industrial safety. Each employee ...