MMK notified Citibank's depositary about the termination of the GDR program. Receipt holders have the right to convert the securities into the company's ordinary shares. MMK asked the Russian Government to keep the GDRs, but was refused.

MMK plans to submit an application to continue trading the depositary receipts on the LSE. In addition, the company warned that this application may not be granted, and the holders of receipts need to contact the Citibank depositary for possible conversion of receipts into MMK shares. The decision to maintain the listing will be made by a subcommittee of Rus...

MMK launched production of rolls for rolling mills on Kuettner's German centrifugal casting machine. The part will be able to replace a similar product previously supplied from Ukraine and the European Union at the rolling mills of Russia's largest steel companies. The production capacity will be about 2,000 rolls a year, with deliveries scheduled to start i...

MMK temporarily suspended publication of financial and operating results for Q1 2022. The decision was made due to the inability of a significant part of investors to carry out transactions with the company's securities.