MMK has no plans to return to paying dividends yet, the company's main owner and Chairman of the Board of Directors Viktor Rashnikov said. "We have, you say, shareholders and everything else - they are foreign and so on, inside we can do something else, but this way... We will not be able to pay. And we don't have to do that, and we're not going to, there ar...

MMK engaged China's Sinosteel Equipment & Engineering as the general contractor for the project of modernization of coke-chemical production. Project includes the creation of coke battery №12 complex with a capacity of 2.5 million tons of dry coke, construction of a new biochemical unit and reconstruction of the chemical products recovery and processing shop...

MMK sales of finished steel products in 9 months of 2022 decreased by 10.8% to 8.018 mln tonnes. The share of high value added products increased by 2.2 p.p. to 44%. Production of steel and pig iron decreased by 12.2% and 15.2% to 8.859 million tons and 6.649 million tons respectively. Coal concentrate production increased by 3.3% to 2.642 million tonnes, wh...

MMK is in talks with the Indian side to supply sheet metal or localize its production in the South Asian republic, said Egor Kovalchuk, vice-governor of Chelyabinsk region. "They have a product that is widely used in Russia - it is sheet metal for the automotive industry. In India, automobile production is developed, Magnitogorsk residents see prospects for...