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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 Standard & Poor’s Global Ratings has revised MMK outlook from stable to positive and affirmed the rating at 'BBB-'. The outlook revision reflects robust performance of Russian steel producers at the environment of global steel industry downturn. The solid performance is backed by low production cost and stable demand...

On February 11, 2011 the Board of Directors of MMK decided on the date of the annual general shareholders' meeting - May 20, 2011. The Board of Directors of MMK approved of the following agenda for the General Shareholders' meeting: 1. Approval of the Company's 2010 annual report; annual financial statements, including statement of profit and losses; allocation of profit, including dividend payment (declaration), and losses for the financial year 2010 2. Approval of amended Charter of MMK 3....

Magnitogorsk Iron and Steel Works (MMK) has launched an information system that can display more than 200 different indicators related to the Company’s operations – from raw material stocks in warehouses to social issues and environmental monitoring, as well as a separate section that contains information related to the Company’s contracts. Magnitogorsk Iron and Steel Works (MMK) has launched an information system that can display more than 200 different indicators related to the Company’s operations...

Magnitogorsk Iron and Steel Works (“MMK”) has been one of the winners at the Russian Business Leaders: Dynamics and Responsibility competition, which is held every year by the Russian Union of Industrialists and Entrepreneurs (RSPP). The company secured a victory in the category “Development of Human Resources”. The awards ceremony took place in Moscow on 7 February 2018 as part of RSPP’s Russian Business Week. This is not the first time that MMK has received an award for its personnel policy...

OJSC MMK announces that a meeting of the MMK Board of Directors was held today, April 18, 2014. The Board of Directors have approved agenda for the Annual General Shareholder Meeting (AGM): 1. Approval of the Company's annual report, annual financial statements including the profit and loss statement, as well as distribution of profit, including payment (announcement) of dividends, and losses based on the results of the financial year; 2. Election of members of the Company’s Board of Directors;...

... particular blast furnace, which are made more precise during operation with the help of machine learning. All planning results are produced automatically for every possible production volume of pig iron. As part of the system upgrade, three more Group companies that further process and sell metal products – including MMK-METIZ, MMK-LMZ and MMK Trading House – were added to the integrated planning system. The Company’s shared information space for managing business processes and preparing drill-down ...

Deliveries of MMK's rolled steel to pipe companies in the Siberian Federal region have doubled since the beginning of the year. The region accounts for about 10% of the plant’s sales of the relevant products. The Company plans to further expand its presence in the domestic market. Deputy ...

... the Company carried out a pilot project to begin running automated workstations at coke production facilities on Russian-made software, and completed the migration of 1S-based systems to Postgres, a Russian database management system, at 48 MMK Group companies. “By and large, we were able to navigate a period of uncertainty and to find new footholds, and we enter 2024 with a clear understanding of how we will go about transitioning to new hardware and software systems. As such, we will continue ...

For the second year in a row, Magnitogorsk Iron and Steel Works (MMK) placed in the top ten most environmentally transparent metals and mining companies in Russia, according to a rating compiled by World Wildlife Fund (WWF) Russia. MMK was named as a company that avoided accidents or controversial environmental situations in 2020. In 2020, the WWF Russia rating included 40 companies fr om ...

... investors. The website of PJSC Magnitogorsk Iron & Steel Works (MMK) took second place in the rating, placing it among the top three corporate websites for the second year in a row. In 2022, the rating compilers updated the checklist used to evaluate companies’ corporate websites, adding in the ESG factor. Among the evaluation criteria, placement of operational/monthly results or other information in addition to mandatory disclosure on websites; timeliness and utility of press releases, presentation ...