Magnitogorsk Metallurgicheskiy Kombinat - Company Profile
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Magnitogorsk Metallurgicheskiy Kombinat (MMK) is a manufacturer of steel and steel-related products. Its portfolio of products includes iron ore, long and coated flat products, wires, baling strips, and railway and mechanical fasteners. MMK also produces hot-rolled and cold-rolled steel products such as pickled sheets, black tin, galvanized sheets, molded sections, and coils. The company also carries out mining and refining of coal, production and processing of coking coal, and collection and processing of scrap activities. It offers logistic services such as services maintenance of railway tracks and stations, providing automobile services to transport workers, and delivery of cargo. The company’s products find application in various industries such as shipbuilding, railroad machinery, construction, automotive manufacturing, packaging, transportation, consumer goods, oil and gas, and pipe production. MMK is headquartered in Magnitogorsk, Chelyabinsk Oblast, Russia.
Headquarters
Russia
Address
Ul. Kirova, 93, Magnitogorsk, Chelyabinsk Oblast, 455000
Website
www.mmk.ru
Telephone
7 351 9242388
No of Employees
17,887
Industry
Metals and Mining
Ticker Symbol & Exchange
MAGN (MCX)
Revenue (2023)
$8.9B
9.1%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
68.4%
(2023 vs 2022)
Market Cap*
$6.7B
Net Profit Margin (2023)
XYZ
54.3%
(2023 vs 2022)
* As of and is in US$
Magnitogorsk Metallurgicheskiy Kombinat premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Iron Ore | Logistics Services |
| Long and Coated Flat Products | |
| Wires | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | New Products/Services | In December, Magnitogorsk Iron and Steel launched the MMK Market mobile application, which enhance convenience and accessibility for its customers. |
| 2023 | Contracts/Agreements | In October, Magnitogorsk Iron and Steel Works signed a partnership agreement with SibCom Digital to work for import substitution of industrial software. |
| 2023 | Asset Purchase | In July, LLC MMK-Ugol acquired the assets of the Tikhov mine in the Leninsk-Kuznetsky from PJSC Koks. |
Competitor Comparison
| Key Parameters | Magnitogorsk Metallurgicheskiy Kombinat | ArcelorMittal SA | Novolipetsk Steel | Evraz Plc | Severstal |
|---|---|---|---|---|---|
| Headquarters | Russia | Luxembourg | Russia | United Kingdom | Russia |
| City | Magnitogorsk | Luxembourg | Lipetsk | London | Cherepovets |
| State/Province | Chelyabinsk Oblast | - | - | England | Vologda Oblast |
| No. of Employees | 17,887 | 190,000 | 52,800 | 71,591 | 49,462 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Victor Filippovich Rashnikov | Chairman | Executive Board | 2005 | - |
| Pavel V. Shilyaev | Director; Chief Executive Officer | Executive Board | 2014 | - |
| Sergey Shepilov | Chief Legal Officer | Senior Management | 2012 | - |
| Vadim N. Feoktistov | Chief - Information Technology Specialist | Senior Management | 2018 | - |
| Andrey A. Eremin | Director - Economics; Director | Executive Board | 2019 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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