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MMK
Latest News
Magnitogorsk Holding On To Stake In Iron Ore Producer
18 August 2015 - Russia's OAO Magnitogorsk Iron & Steel is going to wait for better days in the iron ore market before selling its piece of ore producer Fortescue Metals Group Ltd., according to BloombergBusiness.
MMK Investing in New Hot-Dip Galvanizing Line
27 July 2015 - Magnitogorsk Iron and Steel Works (MMK) and the SMS group (Germany) concluded a supply contract for equipment for a new continuous galvanizing line (CGL).
MMK Produces 600 Million Tons of Pig Iron
21 July 2015 - OJSC Magnitogorsk Iron and Steel Works ("MMK" or “the Company”) produced its 600,000,000th tonne of pig iron since the blast-furnace’s commissioning in 1932.
MMK Modernizes Its Power Facilities
26 May 2015 - OJSC Magnitogorsk Iron and Steel Works ("MMK" or “Company”) has commissioned a new turbo blowing machine (“TBM”) at the mill’s steam power plant.
MMK Group Announces Operational Results for Q1 2015
23 April 2015 - MMK Group’s overall crude steel output in Q1 2015 totalled 3,228 thousand tonnes (+5.1% q-o-q; +1.3% y-o-y). Overall steelmaking capacity utilisation at the main Magnitogorsk site in Q1 2015 exceeded 92%. At the same time, converter production operated at 100% of capacity.
MMK Group Plans to Significantly Increase Budget for Environmental Initiatives in 2015
20 April 2015 - OJSC Magnitogorsk Iron and Steel Works plans to implement 72 initiatives within its approved 2015 Environmental Programme with a budget exceeding 3.3 bln roubles*, covering all the mill’s production plants and MMK Group entities.
MMK Becomes Steel Supplier for Ford in Russia
03 April 2015 - OJSC Magnitogorsk Iron and Steel Works (MMK) has been named as a steel supplier for Ford cars produced in Russia.
MMK Records Successful Year for Production Plants
26 March 2015 - Russia’s OJSC Magnitogorsk Iron and Steel Works (MMK) reports that a number of its production facilities and plants set local records in 2014, demonstrating their best performances in recent history.
MMK Benefits from Import Substitution in the Russian Market
19 March 2015 - OJSC Magnitogorsk Iron and Steel Works (MMK) bases its development strategy on continuing to strengthen its positions on Russia’s domestic market, producing goods for import substitution and meeting demand in the Russian economy for state-of-the-art and high-quality metal.
MMK’s Hot-Rolled Products Mill 2000 Sets All-Time Monthly Record
12 March 2015 - Russia’s OJSC Magnitogorsk Iron and Steel Works (MMK) produced over 526,000 metric tons of metal at its hot-rolled products Mill 2000 in January 2015 — an all-time record for monthly output since the Mill opened in 1994.
MMK Increases Steel Shipments to Shipbuilders
04 March 2015 - Russia's OJSC Magnitogorsk Iron and Steel Works (MMK) supplied 78,000 metric tons of metal products to shipbuilders in 2014, which represents a 37.2% growth y-o-y.
MMK Increases Production and Shipments of Automotive Sheet
26 February 2015 - OJSC Magnitogorsk Iron and Steel Works (MMK) increased 2014 shipments of metal products to automotive producers by 18% y-o-y to 415,000 tonnes from 353,000s tonnes in 2013.
MMK Introduces Advanced IT Solutions
23 February 2015 - Russia’s OJSC Magnitogorsk Iron and Steel Works (MMK) in 2014 launched a strategic program for the adoption of advanced IT in operational and management processes.
MMK Carrying Out Large-Scale Blast Furnace Modernization
13 February 2015 - OJSC Magnitogorsk Iron and Steel Works (MMK) is carrying out technical upgrades to its blast furnace No. 8.
MMK Reports Record Production at its Mill 2000
12 February 2015 - OJSC Magnitogorsk Iron and Steel Works’ (MMK) Mill 2000 has reached a record 5 million metric tons of total production of cold and galvanized rolled products.
MMK to Maintain Production Volumes, Focus on Maximum Efficiency
10 February 2015 - OJSC Magnitogorsk Iron and Steel Works (MMK) plans to maintain production volumes over the next 10 years at approximately 12 million tonnes of metal annually at its key facility in Magnitogorsk, Russia.
MMK Reports Q4 and Full Year 2014 Results
03 February 2015 - Russia’s MMK provided operational highlights for the fourth quarter and full year 2014.
New CEO Elected at MMK
05 March 2014 - An Extraordinary General Meeting of Shareholders of JSC MMK elected Pavel Shilyaey to the position of general director of Russian metals company JSC MMK.
METALLOINVEST Increases Supply of Iron Ore to MMK
28 December 2012 - METALLOINVEST and OAO Magnitogorsk Iron & Steel Works (MMK) announced the signing of a long-term contract increasing the supply of iron ore.
MMK Metalurji Halts EAF and Hot Rolling Facilities for 90 Days
22 November 2012 - MMK Metalurji announced that its EAF and hot rolling facilities in Iskenderun, Turkey, were halted for a period of up to 90 days. In the meantime, the plant’s cold rolling mill, galvanizing and color coating lines remain operational at the current high capacity levels.
