- 13.07.2016 MMK Group Operational Results for Q2 and H1 2016
04.07.2016 MMK increases steel shipments to CLAAS
OJSC Magnitogorsk Iron and Steel Works ("MMK" or "the Company") announces that its Trading House continues to increase shipments of high-tensile steel used in the production of TUCANO combine harvesters at the CLAAS factory in Russia (Krasnodar Territory). As a result, the proportion of components used in these combine harvesters produced from Russian steel increased to 70%.
16.06.2016 World’s largest nuclear icebreaker made from MMK metal floats out
On 16 June the Baltic Shipyard in St Petersburg floated out the universal nuclear icebreaker Arktika (project 22220). Metal for the body of this, the world’s largest and most powerful icebreaker, was supplied by OJSC Magnitogorsk Iron and Steel Works ("MMK").
09.06.2016 Daimler experts positively assess the quality of MMK’s automotive sheet
OJSC Magnitogorsk Iron and Steel Works ("MMK" or "the Company") announces that representatives of DAIMLER KAMAZ RUS (DK RUS) have completed their first technical audit of MMK’s metal products in Magnitogorsk.
27.05.2016 MMK Announces AGM Results
OJSC Magnitogorsk Iron and Steel Works ("MMK" or “the Company”) today, on 27 May 2016, held its Annual General Meeting of Shareholders (AGM) in Magnitogorsk. The AGM approved MMK's annual report and financial statements for FY 2015 and resolved to pay a dividend for the 2015 financial year of RUB 0.31 per common share of issued stock (incl. tax). Earlier shareholders were paid interim dividends for H1 2015 of RUB 0.58 per common share (incl. tax).
24.05.2016 Fitch Revises MMK's Outlook to Positive; Affirms at 'BB+'
OJSC Magnitogorsk Iron & Steel Works' (MMK) is pleased to announce that on May 23th, 2016 rating agency Fitch Ratings revised the Outlook on MMK’s Long-term Issuer Default Rating (IDR) to Positive from Stable and affirmed the IDR at 'BB+'.
23.05.2016 MMK invests RUB 2.8 bln into Environmental Programme in 2015
OJSC Magnitogorsk Iron and Steel Works ("MMK" or "the Company") invested RUB 2,788.9 mln* (including capex of RUB 2,289.4 mln) in its Environmental Programme in 2015. Most of the funds were invested in initiatives aimed at reducing emissions of air pollutants.
18.05.2016 MMK blast furnaces set production records
Two of the largest blast furnaces at OJSC Magnitogorsk Iron and Steel Works ("MMK" or "the Company") set new records for monthly volumes of pig iron in April.
- 06.05.2016 MMK Group IFRS Results for Q1 2016
05.05.2016 MMK reuses iron-bearing waste
OJSC Magnitogorsk Iron and Steel Works ("MMK" or "the Company") specialists have developed a method of using the rolling mills’ oiled cinder in sintering.