Press Center

Magnitogorsk Iron and Steel Works (MMK), together with Deloitte, has produced a list of MMK’s future digital transformation projects, to be completed by 2025. A thorough selection process resulted in a list of 110 projects in 18 areas of the company’s core business. These will form the basis of MMK’s overall digitalization strategy.

Implementation of Magnitogorsk Iron and Steel Works’ (MMK) investment strategy from 2015-2025 should add USD 686 mln to the Company’s EBITDA per year. This was announced by MMK’s top management team at the Company’s Capital Markets Day held in London on Friday, 15 November 2019.

Victor Rashnikov, Chairman of MMK’s Board of Directors and on whose initiative a unique project to transform the urban environment (“Attraction”) is being implemented in Magnitogorsk, has approved the architectural appearance of the park and landscape solutions for landscaping recreational areas.

On November 13, 2019, the Board of Directors of MMK approved a new version of the Company’s dividend policy.

Magnitogorsk Iron and Steel Works (MMK) has won an award for the Main Event in the Russian Steel Industry 2019. This award was given to MMK in recognition of the construction project for the sinter plant No. 5, which was launched in July of this year.

A plant for the production of high-strength steel wire products will be built in the MMK Industrial Park.

Specialists of the The Center of Competence RPA and Innovation of MMK-Informservice took part in the conference " BPM '19 Digital enterprise processes" in Moscow.

Magnitogorsk Iron and Steel Works (MMK) ski resort will host the first stage of the Snowboard World Cup in parallel disciplines. About 200 athletes will take part in the competitions held by the International Ski Federation (FIS).

Magnitogorsk Iron and Steel Works (ММК) is taking part in the 25th international industrial exhibition Metal-Expo 2019, which is opening in Moscow.

In the framework of the complex project for innovative development "MMK-Industry 4.0" MMK’s Commercial department, together with the Infoservice’s Centre for RPA and Innovation introduced a software robot to collect and organize quotes for raw materials, allowing to bring a new level of analytics of raw materials purchased.