Press Center

Magnitogorsk Iron and Steel Works (MMK) invested around RUB 500 mln into the continued implementation of initiatives aimed at improving the energy efficiency of its production processes in 2018.

PJSC Magnitogorsk Iron and Steel Works ("MMK", or "the Company") (LSE: MMK) announces that MMK Board of Directors held a meeting on March 1^st 2019. The Board approved May 31^st 2019 as the date for the Annual General Meeting of Shareholders (AGM) of the Company.

The President of the Union of Industrialists and Entrepreneurs (UIE) of the Chelyabinsk Region and Chairman of the Board of Directors of Magnitogorsk Iron and Steel Works (MMK), Victor Rashnikov, will hold a meeting of the Board of UIE on Friday. The discussion will focus on the national project Ecology and the diversification of production of military-industrial complex.

Magnitogorsk Iron and Steel Works (MMK) is participating in the 20^th international construction exhibition UzBuild-2019, which opens today in Tashkent.

100 million cubic metres of industrial gases, including oxygen, nitrogen and argon, were produced in the new cryogenic air separation unit at the oxygen plant of Magnitogorsk Iron and Steel Works (MMK).

In 2018, MMK Group's financial contributions to charitable causes and new social programmes increased by 11% compared to the previous year, reaching nearly RUB 2.5 billion.

The meeting of the coordinating council of Magnitogorsk Iron and Steel Works (MMK) and TMK was held in Magnitogorsk. The representatives of both companies reviewed their joint work in 2018 and discussed future collaboration.

In 2018, the total financial benefit of the introduction of innovation suggestions at the Magnitogorsk Iron and Steel Works (MMK) amounted to RUB 453.6 million.

PJSC Magnitogorsk Iron & Steel Works' (MMK) is pleased to announce that on February 12^th, 2019 Moody’s rating agency upgraded MMK’s Issuer Rating to 'Baa2' from 'Baa3' with Stable Outlook.

The Oracle Modern Business Forum 2019 on management strategies and business services was held in Moscow on 7 February. During the forum, Magnitogorsk Iron and Steel Works (MMK) presented its experience of using an electronic trading platform based on the Oracle Sourcing module.