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OJSC Magnitogorsk Iron and Steel Works ("MMK" or “Company”) reports that it saved $254 mln in 2014 as a result of coordinated efforts across the Company’s production and functional departments.   The result was achieved due to improved work management during major repairs and equipment modernisation ($75 mln); the optimisation of material flows and raw materials structure, as well as technical measures enacted ($57 mln); the reorganisation of fixed asset technical maintenance...

Magnitogorsk Iron and Steel Works (MMK) Group has been implementing a series of water protection initiatives aimed at decreasing the ecological impact on water facilities. The Company’s short-term plans include completely eliminating the disposal of waste water into Magnitogorsk Reservoir. To this end, MMK is completing a key stage in the reconstruction of the circulating water supply system, with an expansion of the cooling tank. This project includes the construction of a dam that separates...

Magnitogorsk Iron and Steel Works’ (MMK) commissioned a system of hydraulic structures in the waters of the Magnitogorsk reservoir, as part of the reconstruction of its water recycling supply system. MMK’s Management Board members and independent directors took part in a ceremony to celebrate the launch of the system. During the launch, the gate of the culvert device was closed and as a result, the flow of MMK waste water into the Magnitogorsk reservoir was stopped. The reconstruction of the...

 MMK in-house environmental management system (EMS) study shows that the Group reduced emissions per unit of finished product by 6.34% y-o-y in 1Q 2011 The EMS study was carried out to determine ways to improve the efficiency of environmental management. MMK reported that in the first quarter of 2011 the company’s operations met applicable requirements under Russian environmental legislation as well as ISO 14001:2004 standards. Management of atmospheric emissions is as a key component...

In the first half of 2023, Magnitogorsk Iron and Steel Works (MMK) achieved savings of RUB 264.2 million through its implementation of efficiency proposals. This represented an 84% increase compared with the same period of the previous year and was only slightly less than the savings from efficiency proposals for all of 2022, which amounted to RUB 276 million. In the first half of 2023, Magnitogorsk Iron and Steel Works (MMK) achieved savings of RUB 264.2 million through its implementation of...

PJSC Magnitogorsk Iron & Steel Works (MOEX: MAGN) announces the release of the 2022 Sustainability Report on the corporate website. The document reveals up-to-date information about MMK's activities in the field of sustainable development in relation to several most significant aspects, including environmental responsibility, social initiatives, corporate governance and work with personnel, as well as the economic results of the relevant activities. The Report presents the company's achievements...

Representatives of the Swedish Company GlobeCert AB certified MMK METIZ’s reinforced cables. This certification enables MMK METIZ to supply this product to Sweden, Finland, Denmark, Norway, Lithuania, Estonia and Latvia. MMK METIZ received a certificate of compliance in accordance with the requirements contained in paragraphs 1 and 3 of the prEN standard 10138: 2006 (Sweden) for reinforced cables with diameters of 9.3 mm, 12.5 mm, 15.2 mm and 15.7 mm. Members of the Swedish certification...

... natural gas. These characteristics are confirmed by test results. MMK is ready to conduct further tests on steel grade 0H9 for cyclic operation in a cryogenic environment and for corrosion resistance. Today, more and more leading Russian oil and gas companies are expressing interest in developing the potential of LNG technology. At the same time, the equipment used for transportation and storage of LNG (tanks, pipelines, etc.) must withstand conditions of ultra-low temperatures - up to -200C. Currently,...

Magnitogorsk Iron and Steel Works (MMK) launched its Mill 2000 – the first stage of a new cold rolling complex - during Russian Prime Minister Vladimir Putin’s visit to MMK today. Mill 2000, with 2 mtpa capacity of finished products, will primarily produce high-quality cold-rolled and galvanized steel to be used in the production of exterior and interior car parts, as well as for use by home appliance manufacturers and the construction industry. MMK’s total investments in the...

In the city of Lysva in the Perm Krai region, a round table meeting took place titled “MMK and LMC for the manufacturers of products from galvanized and painted sheet products: new solutions, new products.” The Lysva Metallurgical Company, the only Russian producer of electro-galvanised coated rolled products, joined MMK Group at the end of 2017. The capacity of the site for the production of cold-rolled steel with a polymer coating is 350 thousand tonnes per year, and for the production of galvanized...