MMK

PJSC Magnitogorsk Iron and Steel Works: MMK announces the EGM results

Wednesday, September 16, 2020 - 8:05am

PJSC Magnitogorsk Iron & Steel Works ("MMK", or "the Group") (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, announces that the Extraordinary General Meeting of Shareholders ("the EGM") was held in absentia on 11 September 2020.

Key Points: 
  • PJSC Magnitogorsk Iron & Steel Works ("MMK", or "the Group") (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, announces that the Extraordinary General Meeting of Shareholders ("the EGM") was held in absentia on 11 September 2020.
  • Based on the results of H1 2020, dividends will be paid in the amount of RUB 0.607 (incl.
  • In 2019, MMK produced 12.5 mln tonnes of crude steel and 11.3 mln tonnes of commercial steel products.
  • Subscribe to our official MMK channel in Telegram , to be the first to know about key MMK news.

PJSC Magnitogorsk Iron and Steel Works: Notice of Q2 & H1 2020 IFRS results

Wednesday, July 22, 2020 - 8:01am

The Group's operations in Russia include a large steel-producing unit encompassing the entire production chain, from the preparation of iron ore to downstream processing of rolled steel.

Key Points: 
  • The Group's operations in Russia include a large steel-producing unit encompassing the entire production chain, from the preparation of iron ore to downstream processing of rolled steel.
  • MMK turns out a broad range of steel products with a predominant share of high-value-added products.
  • In 2019, MMK produced 12.5 mln tonnes of crude steel and 11.3 mln tonnes of commercial steel products.
  • Subscribe to our official MMK channel in Telegram , to be the first to know about key MMK news.

PJSC Magnitogorsk Iron and Steel Works: Publication of the corporate Sustainability Report for 2019

Wednesday, July 8, 2020 - 6:06pm

PJSC MMK ("MMK", or "the Company") (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, today announces the publication of the corporate Sustainability Report for 2019 ("the Report"), prepared in compliance with the Global Reporting Initiatives (GRI) standards.

Key Points: 
  • PJSC MMK ("MMK", or "the Company") (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, today announces the publication of the corporate Sustainability Report for 2019 ("the Report"), prepared in compliance with the Global Reporting Initiatives (GRI) standards.
  • MMK, in its current activities and in its strategic development, invariably adheres to the principles of social responsibility.
  • The publication of this Report reflects MMK's commitment to the mission and core principles of sustainable development, including the achievement of the UN's Sustainable Development Goals.
  • In 2019, MMK produced 12.5 mln tonnes of crude steel and 11.3 mln tonnes of commercial steel products.

PJSC Magnitogorsk Iron and Steel Works: Publication of Report on Payments to Governments in 2019

Tuesday, June 23, 2020 - 8:01am

PJSC MMK ("MMK", or "the Group") (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, today publishes its Report on payments to governments in 2019 ("the Report").

Key Points: 
  • PJSC MMK ("MMK", or "the Group") (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, today publishes its Report on payments to governments in 2019 ("the Report").
  • The Report provides citizens, authorities and independent users with the information on payments made to governments where MMK conducts its extractive activities.
  • Since the Group performed extractive activity in Russia only, the Report discloses payments to governments made by Russian companies only.
  • In 2019, MMK produced 12.5 mln tonnes of crude steel and 11.3 mln tonnes of commercial steel products.

PJSC Magnitogorsk Iron and Steel Works: Publication of Prospectus, Charter, Amendments and additions to the Charter

Thursday, June 11, 2020 - 8:02am

The Group's operations in Russia include a large steel-producing unit encompassing the entire production chain, from the preparation of iron ore to downstream processing of rolled steel.

Key Points: 
  • The Group's operations in Russia include a large steel-producing unit encompassing the entire production chain, from the preparation of iron ore to downstream processing of rolled steel.
  • MMK turns out a broad range of steel products with a predominant share of high-value-added products.
  • In 2019, MMK produced 12.5 mln tonnes of crude steel and 11.3 mln tonnes of commercial steel products.
  • Subscribe to our official MMK channel in Telegram , to be the first to know about key MMK news.

PJSC Magnitogorsk Iron and Steel Works: MMK announces the AGM results

Tuesday, June 2, 2020 - 11:01am

PJSC Magnitogorsk Iron & Steel Works ("MMK", or "the Group") (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, announces that the Annual General Meeting of Shareholders ("the AGM") was held in absentia on 29 May 2020.

Key Points: 
  • PJSC Magnitogorsk Iron & Steel Works ("MMK", or "the Group") (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, announces that the Annual General Meeting of Shareholders ("the AGM") was held in absentia on 29 May 2020.
  • Based on the results of Q4 2019, dividends will be paid in the amount of RUB 1.507 (incl.
  • In 2019, MMK produced 12.5 mln tonnes of crude steel and 11.3 mln tonnes of commercial steel products.
  • Subscribe to our official MMK channel in Telegram , to be the first to know about key MMK news.

PJSC Magnitogorsk Iron and Steel Works: MMK Group publishes 2019 Annual Report

Monday, May 18, 2020 - 10:08am

PJSC Magnitogorsk Iron & Steel Works' ("MMK", or "the Group") (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, is pleased to announce that the Annual Report for the year ended 31 December 2019 has been published on the Company's corporate website.

Key Points: 
  • PJSC Magnitogorsk Iron & Steel Works' ("MMK", or "the Group") (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, is pleased to announce that the Annual Report for the year ended 31 December 2019 has been published on the Company's corporate website.
  • The full report is available at:
    MMK is one of the world's largest steel producers and a leading Russian metals company.
  • MMK turns out a broad range of steel products with a predominant share of high-value-added products.
  • In 2019, the Company produced 12.5 mln tonnes of crude steel and 11.3 mln tonnes of commercial steel products.

PJSC Magnitogorsk Iron and Steel Works: MMK Board Meeting Results

Tuesday, April 28, 2020 - 8:03am

PJSC Magnitogorsk Iron & Steel Works ("MMK", or "the Company") (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, announces that MMK Board of Directors held a meeting in absentia on 24 April 2020.

Key Points: 
  • PJSC Magnitogorsk Iron & Steel Works ("MMK", or "the Company") (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, announces that MMK Board of Directors held a meeting in absentia on 24 April 2020.
  • At the meeting, the Board made the following decisions, among others:
    1.
  • MMK turns out a broad range of steel products with a predominant share of high-value-added products.
  • In 2019, the Company produced 12.5 mln tonnes of crude steel and 11.3 mln tonnes of commercial steel products.

PJSC Magnitogorsk Iron and Steel Works: MMK-Lysvensky Metallurgical Plant's shift to cyclic loading

Wednesday, April 15, 2020 - 6:00am

PJSC Magnitogorsk Iron & Steel Works' ("MMK", or "the Company") (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, announces that MMK-Lysvensky Metallurgical Plant (MMK-LMP) shifts to cyclic loading mode with positive outlook for the rest of 2020.

Key Points: 
  • PJSC Magnitogorsk Iron & Steel Works' ("MMK", or "the Company") (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, announces that MMK-Lysvensky Metallurgical Plant (MMK-LMP) shifts to cyclic loading mode with positive outlook for the rest of 2020.
  • MMK-LMP announces that in the current absence of guaranteed demand for the company's key metal products, its management has decided to switch to a cyclic loading mode.
  • In accordance with MMK-LMP's forecast, based on a conservative stress test, the company will demonstrate positive EBITDA and positive cash flow in 2020.
  • In 2019, the Company produced 12.5 mln tonnes of crude steel and 11.3 mln tonnes of commercial steel products.