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Magnitogorsk Iron and Steel Works (MMK) is completing the final preparatory stage of work for the construction of a new sinter plant in Magnitogorsk. The current works include driving piles, laying foundations and installing the metal structures. The installation of the main technological equipment is planned for March 2018. The total capital investment in the complex, which will provide an opportunity to significantly improve the quality of the sintered steel and reduce the environmental impact...

... expansion of existing, production. The share of co-financing amounts for up to 30% of the project amount but does not exceed RUB 15 million. Pavel Shilyaev, CEO of MMK commented: "Co-financing is an important incentive and a sign of trust for companies that have decided to organise or expand industrial production in the MMK-INDUSTRIAL PARK. Residents of the Industrial Park already use the regional support tools, there is a discounted rental price of only RUB 66 per square metre per month, ...

PJSC Magnitogorsk Iron and Steel Works ("MMK") hosted a delegation from PJSC AVTOVAZ led by the car manufacturer’s President Yves Caracatzanis. The parties discussed their current cooperation and the potential to adopt new steel grades for the car industry.   This was the first working visit to MMK for Yves Caracatzanis, who was appointed as the head of Russia’s leading car manufacturer in early June. AVTOVAZ is one of MMK’s largest partners – in 2017, the steel producer supplied more...

Magnitogorsk Iron & Steel Works (MMK) CEO Pavel Shilyaev has approved a new energy policy for the Company, the strategic goal of which is to reduce energy costs in the cash cost of MMK’s products. To achieve this goal, the Company will improve its system for monitoring the use of energy resources, increase the efficiency of energy consumption at each workplace, work as fully and effectively as possible with secondary energy resources, and implement a number of further measures. The new policy...

... replacement: MMK produces unique steel product that are in high demand in the domestic market. HVA steel products accounted for 43% of domestic shipments. Major clients of MMK in the domestic market remain pipe-makers, machinery building and car-making companies, which together accounted for 52% of domestic shipments in Q1 2011. MMK’s domestic sales are focused in the Urals and Volga regions. Shipments to these regions accounted for 71% of domestic shipments and 50% of total shipments in Q1 2011....

The Registrar of PJSC Magnitogorsk Iron and Steel Works (MMK) – STATUS has implemented a new service for the convenience of shareholders: it is now possible to carry out operations in the MMK shareholders registry through a Sberbank ID in the shareholder's personal account without leaving home. Company shareholders can remotely open an account, merge personal accounts, make changes to account information, close an account, write off and enroll securities, write off and enroll securities with...

13 August 2012, Magnitogorsk, Russia - MMK announces the sale of its 51% stake in OOO Bakalskoe Iron Ore Management and its 100% stake in OOO Rudnik, which owns a license for the development of the Techenskoe field. MMK sold the stakes to Atop International Ltd on satisfactory terms for both sides. The exact terms of the deal were not disclosed. MMK is one of the world's largest steel producers and a leading Russian metals company. The company's operations in Russia include a large steel producing...

OJSC Magnitogorsk Iron and Steel Works ("MMK" or “the Company”) announces that the Magnitogorsk mill has successfully passed an audit complying with the requirements of the ISO 14001 International Standard. The routine audit of the environmental management system, which has been in place at MMK since 2004, was carried out by TÜV NORD CERT (Germany). The audit programme was completed in full, with no non-compliance recorded. Based on its results, TÜV NORD CERT provided...

... MMK-Dzhokkunos-Alabuga produces steel billets used in auto parts manufacturing. The Centre is capable of producing up to 60,000 tonnes of products per year. The SMC will be able to offer a full production cycle to the Russian auto manufacturers, as well as international companies with locations in Russia, particularly those located in the Volga and Ural regions. The Centre’s potential clients include Ford, KAMAZ, KAMAZ-Daimler, ARNPO, Nissan, AVOTVAZ, GM-Avtovaz, UAZ, and GAZ among others. High-quality steel billets ...

... pilot testing of Russian-made marking paints. These should guarantee the identification and traceability of MMK's rolled metal products and offer a level of quality that is on par with that of previously imported materials. Partnering with domestic companies on the supply of chemical materials enables MMK to ensure that its production processes go on uninterrupted, as well as enabling the Company to continue to deliver high-quality steel products while fully preserving all warranty obligations to ...