Press Center

PJSC Magnitogorsk Iron & Steel Works' ("MMK", or "the Company") (MICEX-RTS: MAGN; LSE: MMK), one of the world’s largest steel producers, announces that Standard & Poor’s Global Ratings has revised MMK outlook from positive to stable and affirmed the rating at 'BBB-'.

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.

A high-alert mode has been introduced on the territory of MMK Group enterprises, and special headquarters have been established under the leadership of the Company CEO. The Group is taking active measures to prevent the spread and reduce the risk of the coronavirus infection.

As part of the promotion of MMK's electronic trading platform, MMK-InformService has developed a new version of the MMK Supplier mobile app.

In 2019, Magnitogorsk Iron and Steel Works’ (MMK) deliveries of steel products to manufacturers of automotive equipment and components in Russia and the CIS exceeded 650 thousand tonnes, setting a new record for the Company.

MMK Group has successfully implemented a new system that was designed and introduced by the corporate development department of MMK Informservice.

In 2019, Magnitogorsk Iron and Steel Works (MMK) allocated more than RUB 8.7 billion for environmental protection, of which more than RUB 5.3 billion was spent on capital construction of new, and reconstruction of existing, environmental protection facilities.

PJSC Magnitogorsk Iron & Steel Works' ("MMK", or "the Company") (MICEX-RTS: MAGN; LSE: MMK), one of the world’s largest steel producers, is pleased to announce that the MMK Board of Directors held a meeting on 28 February 2020. The Board approved 29 May 2020 as the date for the Annual General Meeting (“AGM”) of the Company shareholders.

In 2019, MMK Group's financial contributions to charitable causes and social programmes increased by almost 4% compared to the previous year, reaching RUB 2.5 billion.

In 2019, MMK Group's shipments to the Russian market, including MMK-Lysva Metallurgical Plant, amounted to more than 8.3 mln tonnes of metal products, up 8 % compared to 2018. Denis Chernenko, Head of MMK's Marketing Department spoke about this at the 13th Russian Conference 'Regional Metal Trade of Russia' in Sochi.