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MMK integrates Lysvensky Metallurgical Plant into its Oracle ...
Thu, 02 Jul 2020 00:00:00 GMT
For the first time in MMKs history, the implementation and launch of a large industrial enterprise resource planning system (ERP) was carried out

Iron ore surplus rises sharply in Karnataka on falling demand ...
Mon, 29 Jun 2020 00:00:00 GMT
Karnataka is facing a glut of iron ore due to the restrictions imposed on its export from the state for the last 8 years. The restrictions have left Karnatakas iron ore miners dependent on steel companies in the state and have resulted in a surplus of nearly 5.19 million MT of iron ore fines. Supply in the state is higher compared to demand amidst production restrictions and the ban on exporting ore out of the state imposed by the Supreme Court. In 2019, total iron ore exports from other

MMK renovates blast furnace No. 2
Thu, 28 May 2020 00:00:00 GMT
At Magnitogorsk Iron and Steel Works (MMK), the reconstruction of the blast furnace No. 2 is entering its final phase. The updated unit is due to be commissioned in

MMK recognised among top 3 metals companies with highest investment ...
Mon, 25 May 2020 00:00:00 GMT
Magnitogorsk Iron and Steel Works (MMK) took third place in the 2020 Value Creators ranking published by the international consulting company Boston Consulting Group (BCG). The ranking evaluates the world's leading companies by total shareholder return (TSR) generated over the past five years (from 2015-2019). MMK is the leader among Russian steel companies with a 42%

MMK approves new version of labour protection and industrial ...
Tue, 07 Apr 2020 00:00:00 GMT
MMK CEO Paul Shilyaev has approved the new wording of the Companys labour protection and industrial safety policy. The purpose of the update is to improve the management system for labour protection and industrial safety in accordance with the programme for implementing the requirements of the international standard ISO

Impact of COVID-19 on MMK Group's performance and measures taken ...
Mon, 23 Mar 2020 00:00:00 GMT
A high-alert mode has been introduced on the territory of MMK Group enterprises, and special headquarters have been established under the leadership of the Company CEO. The Group is taking active measures to prevent the spread and reduce the risk of the coronavirus

MMK develops new version of MMK Supplier mobile app
Tue, 17 Mar 2020 00:00:00 GMT
As part of the promotion of MMK's electronic trading platform, MMK-InformService has developed a new version of the MMK Supplier mobile

MMK breaks record for shipments to automotive industry
Tue, 17 Mar 2020 00:00:00 GMT
In 2019, Magnitogorsk Iron and Steel Works (MMK) deliveries of steel products to manufacturers of automotive equipment and components in Russia and the CIS exceeded 650 thousand tonnes, setting a new record for the

Russia: S&P improves outlooks for NLMK and MMK ratings to ...
Wed, 11 Dec 2019 00:00:00 GMT
International rating agency S&P has improved the outlook for the ratings of Russian steelmaker Novolipetsk Steel (NLMK) and Magnitogorsk Iron and Steel Works (MMK) to Positive from Stable, the agency said in a statement. The ratings were affirmed at BBB-. (Prime/Ukrainian

MMK's Industrial Park will get new plant
Wed, 13 Nov 2019 00:00:00 GMT
A plant for the production of high-strength steel wire products will be built in the MMK Industrial Park.

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