Magnitogorsk Iron and Steel Works, PJSC. Stand 21B07
- 93, Kirova ul., Magnitogorsk, the Chelyabinsk region 455000, Russia
- Phone number:
- +7 (3519) 24-23-88, 25-33-33
- Website :
Magnitogorsk Iron & Steel Works, PJSC (MMK) is one of the world's largest steelmakers. It is also one of the leading steel producers in Russia. MMK Group's assets in Russia are represented by a large integrated iron and steel company, covering full production cycle, starting from preparation of iron ore raw materials and finishing with downstream processing lines for ferrous metals. MMK produces a wide range of steel products with a predominant share of premium products. In 2020 MMK produced 11.6 million tons of steel and sold 10.8 million tons of commercial steel products.
MMK is one of the industry leaders in terms of production costs and profitability. MMK Group's revenue for 2020 was $6,395 million and EBITDA was $1,492 million. MMK's debt burden is the lowest in the industry. The Net Debt/EBITDA ratio at the end of 2020 was -0.06x. MMK's investment rating has been confirmed by the world's leading rating agencies: Fitch, Moody's, S&P.