Magnitogorsk metallurgic plant MMK

MMK increases shipment of rolled metal to TMK by 10%

A meeting of Coordination Council of TMK and MMK has taken place in Magnitogorsk. The parties summed up results of their joint work in 2018 and discussed issues of further cooperation.

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In 2018, effect from rationalization proposals at MMK exceeded 453 mln rubles

In 2018, total economic effect of introduction of rationalization proposals at Magnitogorsk metallurgical plant amounted to 453.6 million rubles.

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Moody’s increases rating of Severstal, NLMK and MMK

On February 12, 2019, Moody's rating agency upgraded Severstal's long-term rating from Baa3 to Baa2 with a change in the rating outlook from positive to stable following the revision of Rus

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MMK is planning Q4 dividends equal to 100% of free cash flow

The Magnitogorsk Iron and Steel Works plans dividends for the fourth quarter of 2018 in the amount of 100% of the free cash flow (FCF), Andrei Yeremin, MMK Director for Economics, reported during a

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MMK: growth in steel production by the end of the year not to exceed 1%

MMK Group hasn’t expected a significant increase in steel production in 2019.

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MMK sets record in supply to enterprises of automotive industry

In 2018, supply of MMK’s metal products to the automotive industry amounted to almost 550 thousand tons, which is a record for the company.

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Within 80 years MMK has produced over 800 million tons of steel

Today, the Magnitogorsk iron and steel works, one of the largest metallurgical enterprises in Russia and the world, celebrates its 87th-year anniversary.

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In 2018, MMK reduced steel smelting, but increased sale of metal products

In 2018, steel production at MMK amounted to 12.664 million tons, which is by 1.5% less than last year.

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MMK ships record volume of galvanized products

On the results of 2018, the Magnitogorsk Metallurgical Plant shipped 1.269 million tons of galvanized metal, which is the highest indicator in the history of the enterprise.

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MMK to pay dividends in the amount of 2.114 rubles for the first 9 months

At the extraordinary general meeting shareholders of MMK have decided to pay dividends for the first 9 months of 2018 in the amount of 2.114 rubles per share.

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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"
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