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.