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Magnitogorsk Iron and Steel Works (MMK) took 15th place in Russian Forbes’ rating of the 200 largest private companies in Russia. Forbes has published a new instalment of its rating of the 200 largest private companies in Russia based on 2019 financial results. The rating includes companies whose capital is controlled by individuals (over 50%) and is based ...

... "Leader in Competitive Procurement", winning in the category "Best Support for Small and Medium Business". Projects were evaluated and winners were selected by the Public Council of 140 independent experts - procurement directors of Russian companies, procurement and logistics professionals. This year, 270 of the country's largest companies, 40% of which are included in the Expert 400 rating, competed for the victory. MMK won in the category 'Best SME Support', which recognises companies ...

... wide range of products and technical capabilities that are of interest to manufacturers of steel structures, as this is an important segment for MMK. In 2018, the Company shipped more than 630 thousand tonnes of steel products directly to construction companies and manufacturers of building materials and metal structures. More than 2.5 mln tonnes of rolled metal products were delivered to the spot market, metal trading companies and metal service centres, including buyers and manufacturers of steel ...

PJSC Magnitogorsk Iron & Steel Works' (MMK) is pleased to announce that on July 13 th , 2017 rating agency Fitch Ratings upgraded Company’s Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BB+' with Stable Outlook. In its press-release Fitch notes that the rating upgrade reflects MMK's substantial deleveraging and Fitch's view that the company's financial profile will remain conservative, with projected leverage comfortably within the new rating guidance over the rating horizon. The deleveraging...

PJSC Magnitogorsk Iron & Steel Works ("MMK" or "the Company”, ticker: MMK:LI) announces that on 8 February 2019 the Company’s Board of Directors recommended that the Annual General Meeting of shareholders approve a dividend of RUB 1.398 (before taxes) per share for the fourth quarter of 2018 on MMK’s issued ordinary registered shares. The dividend will represent the total of approximately USD 239 mln at the current exchange rate, which equals to 100% of the Company’s FCF for Q4...

... tonnes per year, respectively," explained Shchurov. In addition to reducing overall emissions, the reduction of carbon dioxide (CO2) emissions is of great importance for MMK. "It is now a common development trend for all socially responsible companies to reduce their carbon footprints, this, of course, includes MMK," said Grigorii Shchurov. He said that the Company, within the framework of its 2025 Development Strategy, will analyse and, in case of significant CO2 reduction, plans to ...

OJSC Magnitogorsk Iron and Steel Works ("MMK" or "the Company") (LSE: MMK) announces that it has opened a representative office in Shanghai to establish and strengthen relationships with companies in the world’s second-largest economy. The new office will be responsible for building relationships with MMK’s partners and contractors in China; finding new suppliers, including for MMK’s electronic trading platform; and ...

... Works (MMK) are creating their joint rolling stock to ensure timely deliveries of steel plate from MMK’s Mill 5000 to ChTPZ’s Vysota 239 production unit. Implementation of this project has become part of strategic cooperation between the two companies. The decision to launch this initiative was made in 2007 when Mill 5000 and Vysota 239 were still under construction. ChTPZ and MMK jointly acquired forty-four 12-meter long strip carriers (equipped with mobile loading ramps) from the Ukrainian ...

Forbes Russia, together with the auditing firm KPMG, published its third annual Best Russian Employers ranking. Magnitogorsk Iron & Steel Works was among the companies that received gold in the ranking and was among the best employers in the metallurgy sector. Forbes Russia, together with the auditing firm KPMG, published its third annual Best Russian Employers ranking. Magnitogorsk Iron & Steel Works was ...

  OJSC Magnitogorsk Iron and Steel Works (MMK or the Company) announces that Moody's Investors Service has upgraded the Company’s corporate family rating to Ba1 from Ba2 and probability of default rating to Ba1-PD from Ba2-PD. The assigned rating corresponds with the sovereign rating of Russia and brings MMK to the club of Russia’s metals & mining majors – Severstal, NLMK and Norilsk Nickel whose ratings were confirmed by Moody’s at the previous level. The upgrade of MMK’s rating...