Magnitogorsk metallurgic plant MMK

Russia's largest steel company's reduce production in 2019

The largest Russian metallurgical companies NLMK, MMK and Severstal reduced steel production in 2019 due to weak demand in foreign markets, which was not fully offset by an increase in metal consum

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

MMK remains leader in the rating of manufacturers of sheet metal and rolled products with coatings

The leading industry magazine Metallosnabzhenie I Sbyt recognized Magnitogorsk metallurgical plant as the best Russian manufacturer of flat rolled products.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

MMK: hopes for domestic demand

In 2019, shares of metallurgical companies lagged behind the stock market, which took new records.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

MMK’s shareholders approve dividends for the first 9 months of 2019

During the extraordinary general meeting, MMK’s shareholders approved payment of dividends for the first 9 months of the reporting 2019 year on MMK’s ordinary shares in the amount of 1.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

S&P has revised to positive outlook on ratings of MMK and NLMK

S&P Global Ratings has changed its outlook on NLMK and MMK from "stable" to "positive", the rating agency reports.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

MMK's investment projects to add $686 million to its EBITDA per year

Total economic effect of implementation of investment strategy of Magnitogorsk metallurgical plant in the period from 2015 to 2025 will be $686 million to EBITDA per year, top management of the com

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

MMK’s Board of Directors approves new dividend policy

On November 13, 2019, MMK's Board of Directors approved new version of the company's dividend policy.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

MMK continues to modernise its central power plant

The central power plant of the Magnitogorsk Iron and Steel Works (MMK) celebrated its 88th anniversary. This is reported by the Department of Information and Public Relations of MMK.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

In Q3, MMK's profit fell by 32%, it may pay dividends for the first 9 months in the amount of 1.65 rubles per share

In the third quarter of 2019, the MMK's profit under IAS decreased by 32% year-on-year to $271 million, as it follows from the company's statements.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

IPNM: Electricity prices would rise by 11-25% if the carbon tax were introduced.

The Institute for the Problems of Natural Monopolies (IPNM) supports the refusal to introduce a "carbon tax", as otherwise electricity prices would rise by 11-25% depending on the categor

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer