High Performance
Low cost and high efficiency
Leadership in value-added products output
Broad sales geography
Largest single-site steel mill in Russia
Growth based on a sound balance sheet
Low cost and high efficiency
Leadership in value-added products output
Broad sales geography
Largest single-site steel mill in Russia
Growth based on a sound balance sheet
Investments in high quality assets and highly profitable projects
Modern assets' base
Increased presence in the high-growth markets of Russia and Turkey
Focus on premium quality flat-rolled products
Import substitution to enhance domestic markets exposure
Commitment to interests of employees and partners
Labour safety programmes in place
Employee development and training
Environment friendly growth
MMK is among the world's largest steel producers and is one of the leaders of Russia's steel industry. The company's operations in Russia include a large steel producing complex encompassing the entire production chain, from preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of higher value added products. MMK realizes MMK Metalurji project in Turkey with annual capacity of 2.3 mln tons of flat steel. In 2011 MMK Group produced 12.2 mln tons of crude steel and 11.2 mln tons of commercial steel products. MMK Group revenue in 2010 stood at USD 7.719 bln, EBITDA at USD 1.606 bln, profit for the period - USD 232 mln. MMK Group revenue in 9M 2011 stood at USD 7.063 bln.
On February 16, 2012 MMK placed its RUR 5 bln bonds (series БО-08) with the maturity period of 3 years. A 1.5 year offer is provided for the issue. The issue is included in the list “Б” at MICEX.
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MMK is pleased to announce that it won first place in the nomination “Social programs for employees, supporting motherhood and childhood” in recognition of the Company’s achievements in the area of corporate social responsibility in 2011.
OJSC MMK is a socially responsible company, which has taken on voluntary social commitments with regard to the residents of Magnitogorsk and the Urals in general. The list of social programs supported by the Company includes health care and creation of safe working conditions for the Company's employees, environment protection, wastes recycling and energy saving, personnel development, support to local communities and others.
The Company is actively participating in the development of the infrastructure of the city and outlying areas, building and maintaining cultural and sports facilities, providing support to public associations, organizing cultural and sports events. There is hardly a family in Magnitogorsk whose history is not intertwined with the history of the steel mill. Construction of hospitals, schools, roads and housing, maintenance of cultural and health rehabilitation centers, children's camps, and many other steps and actions designed to improve the life of the city's population – all of these are investments which are certain to pay off with a vengeance.
OJSC Magnitogorsk Iron and Steel Works
92 Kirov St. Magnitogorsk Chelyabinsk region Russia 455002
Tel.: (3519) 24-40-09 (information)
Fax: (3519) 24-73-09