Press Center

According to results for the first half of 2019, the implementation of programmes aimed at improving production efficiency at the Magnitogorsk Iron and Steel Works (MMK) has had an economic impact in excess of USD 38.3 million.

PJSC Magnitogorsk Iron and Steel Works (“MMK” or the “Company”) one of the world's largest steel producers and a leading Russian metals company (LSE ticker: “MMK”), will hold a Capital Markets Day in London on the morning of 15 November 2019.

The economic impact of rationalization proposals implemented at Magnitogorsk Iron and Steel Works (MMK) amounted to almost RUB 380 million in H1 2019 - a 40% increase year-on-year.

In the first half of 2019, MMK Group allocated 1.04 billion roubles to social support programmes and charitable causes. Among the priority areas of social support were assistance to pensioners and children, as well as the improvement of health conditions for the employees of the company.

Magnitogorsk Iron and Steel Works (MMK) was awarded a certificate by the United Nations Industrial Development Organisation (UNIDO) for its contribution to sustainable development and environmental initiatives in the Chelyabinsk region, as well as for the successful implementation of its 'Energy Management of Industrial Enterprises' programme.

Magnitogorsk Iron and Steel Works (MMK) delivered more than 314,000 tonnes of steel products to the automotive industry in the first half of 2019, exceeding the previous year's figure for the same period by 23%.

Deloitte CIS has completed an assessment of MMK’s digital maturity and transformation potential as part of MMK's digitalisation strategy. The joint team applied Deloitte's global experience to analyse MMK's current digital initiatives and future potential.

CEO of Magnitogorsk Iron and Steel Works (MMK) Pavel Shilyaev took part in the first organizational meeting of an environmental coordination council, created on the initiative of the head of the Chelyabinsk region, Alexei Teksler.

Magnitogorsk Iron and Steel Works (MMK) became the winner in the category "Work with Young People" at the 26th industry competition titled "Enterprise of the Mining and Metallurgical Complex with High Social Efficiency."