Mmk. July

On July 26, 2011 MMK placed its RUR 5 bln bonds (series ÁÎ-07) with the maturity period of 1092 days (3 years). The offer for the issue is not provided. The issue is included in the list “Á” at MICEX. The total value of demand from investors equaled to RUR 7.7 bln which translates into more than 1.5x oversubscription. The first coupon rate was set based on the results of a coupon rate tender held at MICEX. 44 bids were sent for the tender with coupon rate varying from ...

Magnitogorsk Iron and Steel Works (MMK) launched its Mill 2000 – the first stage of a new cold rolling complex - during Russian Prime Minister Vladimir Putin’s visit to MMK today. Mill 2000, with 2 mtpa capacity of finished products, will primarily produce high-quality cold-rolled and galvanized steel to be used in the production of exterior and interior car parts, as well as for use by home appliance manufacturers and the construction industry. MMK’s total ...

Commissioning of continuous hot-dip galvanizing unit at MMK-Atakas Istanbul site marks final stage of project. Today Magnitogorsk Iron and Steel Works (MMK) announced the launch of the MMK-Atakas continuous hot-dip galvanizing unit in Istanbul. This marks completion of construction of the MMK-Atakas metallurgy complex, which is located at two sites: in Iskenderun and Istanbul. The construction of the Iskenderun facility was completed in spring 2011. The Istanbul plant’s ...