Profiles

MMK is one of the world's largest steel producers and a leading Russian metals company. In 2015 MMK Group produced 12,2 million tonnes of crude steel and 11,2 million tonnes of commercial steel products. MMK Group had sales in 2015 of USD 5,839 million and EBITDA of USD 1,668 million. MMK Group revenue for 2014 was $ 7.952 billion, EBITDA - $ 1.607 billion. Actual control (87% of shares of MMK) of the company as of spring 2011 belonged to the chairman of its Board of Directors Victor Rashnikov, who owns the Cyprus companies Mintha Holding Limited (42,44% shares of MMK) and Fulnek Enterprises Ltd (43,11%). Capitalizing on the London Stock Exchange as of July 6, 2007 - $ 11.856 billion.

Its raw material base is provided by the Bakal’s mine and is going to be provided by development of the Pioskolye iron ore deposit. In comparison with the major Russian competitors, such as Evraz, Severstal, NLMK and Mechel, MMK is insufficiently provided with own raw materials. MMK purchases iron ore mostly in Kazakhstan and coking coal  from Mechel Group. For own raw material base development, the company bought the license for the Pioskolye iron ore deposit development in the Belgorod region, Russia for 630 million rubles in 2006. Its plans for construction of the ore-dressing combine and the deposit development presupposing total investment of over 3 billion USD were postponed for an indefinite date in the end of 2008 due to lack in financial resources because of stagnation in steel demand and price.

 

The company's operations in Russia include a large steel producing complex encompassing the entire production chain, from preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of high-value-added products.

Chairman of the Board of Directors - Victor Rashnikov.

Pavel V. Shilyaev - CEO of Magnitogorsk Iron and Steel Works

Andrey A. Eremin - Director for Economics, OJSC MMK

Oleg V. Kiykov - Director for Human Resources, OJSC MMK

Alexey Yu. Kuzmin - Head of Domestic Sales Department, OJSC MMK

Sergey A.Laskov - Deputy General Director for Production, MMK OJSC

Sergey E. Semenov - Director for Security, OJSC MMK

Sergey V. KRIVOSHCHEKOV- Director for Corporate Matters and Social Programs, OJSC MMK

Maxim V. Lapin - Head of Department for Business Development and Performance Management, OJSC MMK.

Vladimir E. Ruga -Deputy General Director for External Communications, OJSC MMK

Sergey E. Semenov - Director for Security, OJSC MMK

Sergey N. Ushakov - Deputy CEO for Commercial Affairs, OJSC MMK

Sergey A. Sulimov - Deputy CEO for finance and economy, MMK OJSC

Sergey A. Nenashev - Director for Occupational Health and Safety and the Environment, OJSC MMK

Sergey V.Shepilov - Chief Legal Officer, OJSC MMK

Legal address: Russia, Chelyabinsk Region, Magnitogorsk, Kirova street, 93.

Phone: +7 (3519) 24-40-09 telephony

Referral Service Fax: +7 (3519) 24-73-09 Telex: 624117

Information Center Customer Support Phone: 8-800-775-000-5 (free in Russia);

Phone: +7 (3519) 24-23-88 Fax: +7 (3519) 25-33-33

E-mail: infommk@mmk.ru Website: www.mmk.ru

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