MMK Magnitogorsk Iron & Steel Works OJSC

Type: Company
Name: MMK Magnitogorsk Iron & Steel Works OJSC (Magnitogorsk Iron & Steel Works)
First reported May 14 2013 - Updated May 14 2013 - 1 reports

Annual Information Update

? MMK publishes its 2012 Annual Info Update 23-Jan-2012 07:01 9826V07 MMK APPOINTS DEPUTY CEO ON FINANCE AND ECONOMICS http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11093685 27-Jan-2012 07:00 2908W07 ... [Published TrustNet - May 14 2013]
First reported May 14 2013 - Updated May 14 2013 - 1 reports

Annual Information Update

MMK publishes its 2012 Annual Info Update MMK APPOINTS DEPUTY CEO ON FINANCE AND ECONOMICS MMK Posts 4Q and 12M 2011 Trading Update MMK Placed RUR 5bn Bonds at MICEX MMK Contract Update Court restrained MMK's acquisition of FMS Court denied MMK's motion ... [Published MoneyAM - May 14 2013]
First reported May 06 2013 - Updated May 06 2013 - 1 reports

MMK Metalurji selected as the best employer in Hatay - Report

Department of labor and employment, the Turkish province of Hatay, on the basis of 2012 recognized the company MMK Metalurji, within MMK Group, best employer.The Magnitogorsk Metallurgical Combine said that leaders of the Labour and Employment of the ... [Published Steel Guru - May 06 2013]
First reported May 05 2013 - Updated May 05 2013 - 1 reports

MMK Metalurji reports zero crude steel output in Q1

Russian steel giant Magnitogorsk Iron and Steel Works announced that its Turkey based subsidiary MMK Metalurji reported no crude steel output in the Q1 2013, due to smelting capacities being idled in November 2012.No crude steel was produced at MMK Metalurji ... [Published Steel Guru - May 05 2013]
First reported May 03 2013 - Updated May 03 2013 - 2 reports

MMK Group’s Q1 crude steel output up 3.6 percent over Q4

Tags: raw mat , Russia , CIS , MMK , production , steelmaking , Dnepropetrovsk | similar articles »In the first quarter of the current year, the crude steel production of Russian steelmaker MMK Group totaled 3.075 million mt, up 3.6 percent compared to ... [Published SteelOrbis - May 03 2013]
First reported May 03 2013 - Updated May 03 2013 - 1 reports

CMI and CTRP continue cooperation for large pipeline projects

Magnitogorsk Iron and Steel Works has passed XII Coordinating Council between JSC "MMK" and OAO "Chelyabinsk Pipe."CMI and CHEP continues to successfully implement a strategic program of cooperation aimed at providing high-quality oil and gas companies ... [Published Steel Guru - May 03 2013]
First reported May 01 2013 - Updated May 01 2013 - 1 reports

MMK Group trading update for Q1 of 2013

MMK Group operational highlights1. MMK Group crude steel output in Q1 2013 totaled 3,075 thousand tonnes.2. MMK Group finished steel products output in Q1 2013 totaled 2,844 thousand tonnes3. MMK finished steel products output in Q1 2013 totaled 2,744 ... [Published Steel Guru - May 01 2013]
First reported Apr 30 2013 - Updated Apr 30 2013 - 1 reports

Magnitogorsk Sees Stronger 1Q on Higher Prices and Sales

MOSCOW--Russian steelmaker OAO Magnitogorsk Iron & Steel Works (MAGN.RS) said Tuesday it expects first-quarter gains from higher production and sales volumes from its Russian and Turkish facilities and a boost in average sales prices. ... [Published Dow Jones Financial Information Services - Apr 30 2013]
First reported Apr 30 2013 - Updated Apr 30 2013 - 1 reports

Magnitogorsk Q1 output mostly falls yr on yr

StockMarketWire.com - Magnitogorsk Iron &Steel Works issued a first quarter operational update that showed its first-quarter output had fallen in most categories. Group crude steel output was 3.07 million tonnes, down 10% year on year, while group steel ... [Published Stock Market Wire - Apr 30 2013]
First reported Apr 30 2013 - Updated Apr 30 2013 - 1 reports

MMK Group trading update for Q1 of 2013

If you are interested in information, access to which is restricted, please fill in the form ... [Published Skrin - Apr 30 2013]
First reported Apr 30 2013 - Updated Apr 30 2013 - 2 reports

MMK Posted 1Q 2013 Trading Update

? 30 April 2013, Magnitogorsk Press release MMK Group Trading (1) Update for Q1 of 2013 MMK Group operational highlights Production, thousand tonnes Products Q1 '13 Q4 '12 % Q1 '13 Q1 '12 % MMK Group crude steel 3,075 2,969 3.6% 3,075 3,417 -10.0% MMK ... [Published TrustNet - Apr 30 2013]
First reported Apr 19 2013 - Updated Apr 19 2013 - 3 reports

MMK Posted Board of Directors Resolutions

? 19 April, 2013, Magnitogorsk Press Release MMK posted Board of Directors resolutionsOJSC MMK announces that a meeting of the MMK Board of Directors was held today, April 19, 2013. Resolutions passed by the Board are specified below.The Board issued ... [Published TrustNet - Apr 19 2013]

Quotes

...offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. " OJSC Magnitogorsk IronMagnitogorsk Iron and Steel WorksSteel Works Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital"
The company said that "Growth in consolidated revenue for 2012 was largely driven by higher production volumes of finished steel products and improvements to product structure."
What would you like us to do with the funds you've selected "2012 was a challenging year for the Group, with deteriorating prices having materially impacted our earnings. However, management's performance partially countered these declines by containing inflationary pressures and maximising output from our key Divisions in Kazakhstan. It is disappointing to have to announce write-downs and provisions across a number of the Group's assets, which have resulted in a basic loss per share for the year. Approximately 60% of this charge relates to the Group's alumina business and our onerous contract with RUSAL, which is primarily a reflection of the current state of the aluminium market. The investment of US$2.3 billion into our assets in 2012 is important to our success as it will support our low cost position in Kazakhstan, bring new copper volumes in 2013 and reinforce our market-leading position in ferrochrome. Having completed our capital expenditure review in November, our investment spend going forward will have an even sharper focus, with emphasis on five core growth projects over the next five years. The management of our balance sheet remains a priority and we have a firm plan in place to fund our immediate development plans, increase production volumes and reduce debt to a more sustainable level in the medium-term. We will also continue with the implementation of rigorous cost control and productivity enhancing initiatives. Although volatility around pricing will continue, we expect strong demand for our products in the year ahead." (Loss)/earnings per share - basic and diluted (US cents) Earnings per share - basic and diluted - adjusted (US cents)1 3 Underlying EBITDA: (Loss)/profit...

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All (41) | News (37) | Reports (2) | Blogs (0) | Audio/Video (0) | Fact Sheets (2) | Press Releases (0)
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TOPIC IN FOCUS: Steelmakers looking at tough year [Published Zecco - May 22 2013]
Annual Information Update [Published TrustNet - May 14 2013]
Annual Information Update [Published MoneyAM - May 14 2013]
Dolomite: Production, Market and Forecast in th... [Published Global Information Inc - May 07 2013]
MMK Metalurji selected as the best employer in ... [Published Steel Guru - May 06 2013]
MMK Metalurji reports zero crude steel output i... [Published Steel Guru - May 05 2013]
MMK Group’s Q1 crude steel output up 3.6 percen... [Published SteelOrbis - May 03 2013]
Turkey’s MMK Metalürji reports no crude steel o... [Published SteelOrbis - May 03 2013]
CMI and CTRP continue cooperation for large pip... [Published Steel Guru - May 03 2013]
MMK Group trading update for Q1 of 2013 [Published Steel Guru - May 01 2013]
Magnitogorsk Sees Stronger 1Q on Higher Prices ... [Published Dow Jones Financial Information Services - Apr 30 2013]
Magnitogorsk Q1 output mostly falls yr on yr [Published Stock Market Wire - Apr 30 2013]
MMK Group trading update for Q1 of 2013 [Published Skrin - Apr 30 2013]
MMK Posted 1Q 2013 Trading Update [Published TrustNet - Apr 30 2013]
OJSC Magnitogorsk Iron &Steel Works - MMK Poste... [Published Morningstar UK - Apr 30 2013]
MMK to buy another add'l issue of Turkish subsi... [Published Interfax - Apr 22 2013]
MMK announces Board of Directors resolutions on... [Published Steel Guru - Apr 22 2013]
Fitch Ratings assigns MMK notes BB+(EXP) [Published Steel Guru - Apr 21 2013]
Pimco Shuns Putin Stocks in Favor of High-Divid... [Published Bloomberg - Apr 19 2013]
GLOBALTRANS INVESTMENT PLC: MMK-Trans rebranded... [Published 4 Traders - Apr 19 2013]
MMK Posted Board of Directors Resolutions [Published TrustNet - Apr 19 2013]
OJSC Magnitogorsk : MMK Posted Board of Directo... [Published Investegate - Apr 19 2013]
OJSC Magnitogorsk Iron &Steel Works - MMK Poste... [Published Morningstar UK - Apr 19 2013]
RPT-Fitch Assigns MMK's Notes 'BB+(EXP)' Rating [Published London South East - Apr 19 2013]
Update-Moody's assigns (P)Ba3 rating to MMK's p... [Published Reuters - Apr 19 2013]
Moody's affirms Aa3.ru national scale rating of... [Published Moodys - Apr 19 2013]
Magnitogorsk metallurgicheskiy kombinat OAO: Co... [Published TransWorldNews - Apr 18 2013]
European Investors Spoilt For Choice With Numer... [Published Capital.gr - Apr 18 2013]
OJSC Magnitogorsk works at BB+ and negative out... [Published Steel Guru - Apr 17 2013]
OJSC Magnitogorsk Iron and Steel Works - Merger... [Published Live-PR.com - Apr 17 2013]
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