About the Company
Magnitogorsk Iron and Steel Works OJSC (MMK Group, MMK) ranks among the world's largest steel producers and is the leader in the the Russian steel sector.
MMK’s plant in Magnitogorsk, Russia is a large, fully integrated steel production complex that encompasses the entire production chain, from preparation of iron ore to downstream processing of rolled steel.
The share of value-added products in MMK Group’s [revenues/production]in 2010 was 38% (compared to 31% in 2009), rising to 42% in the 4th quarter of 2010, an all-time high for the company.
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 2011 stood at USD 9.306 bln, EBITDA at USD 1.336 bln.