Magnitogorsk

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: 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.