Magnitogorsk Iron and Steel Works' IFRS net profit for 9 months of 2024 amounted to 67.81 billion rubles, which is 20.4% lower compared to 85.23 billion rubles in the previous year. Revenue increased by 8.2% to ₽602.83 billion against ₽557.37 billion a year earlier.

MMK's sales of marketable steel products for 9 months of 2024 decreased by 7.1% to 8.259 million tons. Share of high value-added products increased by 0.8 p.p. to 44%. Steel output fell by 10.6% to 8.826 million tons. Pig iron smelting decreased by 2.2% to 7.361 million tons. Coal concentrate production fell 30% to 1.864 million tons, while iron ore output f...

Shareholders of Magnitogorsk Iron and Steel Works approved dividends for 6 months 2024 in the amount of ₽2.494 per ordinary share. The last day of purchase of securities to receive dividends is October 16, 2024. Dividend yield may amount to 5.52%.

Ogneupor, a member of MMK Group, launched a site for the production of fractional aggregates and finely ground fractions, which are used further or sold as finished products. New site will increase the output of high quality aggregates and concrete mixes up to 10 thousand tons per year.