Magnitogorsk metallurgic plant MMK

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

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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.

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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.

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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.

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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

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NLMK's revenues to decline by 4% to $2,692 million in Q3

Finam forecasts NLMK's revenues at $2,692 mln (-4% QoQ), EBITDA at $679 million (-8% QoQ) and net income at $411 million (-1% QoQ) in the third quarter of this year.

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MMK: steel production decreased by 1.7% in the first 9 months

In January-September 2019, MMK group produced 9.392 million tons of steel. The reduction in annual volumes made up 1.7%, the metallurgical company said in a statement.

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MMK to present its products in Baku. Azerbaijan market is of great interest to the company.

According to the Department of Information and Public Relations of the city-forming enterprise, MMK is a regular participant of this major exhibition event, as the market of Azerbaijan is tradition

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Moody's: Steel demand growth in Russia will slow to 1-2% in 2020

Moody's forecasts a slowdown in the growth rate of demand for steel in Russia in 2020 to 1-2% after a rapid increase in demand in the first half of 2019.

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Major Russian steel players reduce production

In the first 9 months, the largest Russian metallurgical companies show a decline in steel output against the background of a decrease in world prices.

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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"
Telephone: +7 927 303 00 25

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