UK markets closed
  • FTSE 100

    7,134.06
    +45.88 (+0.65%)
     
  • FTSE 250

    22,734.13
    +125.37 (+0.55%)
     
  • AIM

    1,249.65
    +3.03 (+0.24%)
     
  • GBP/EUR

    1.1648
    +0.0009 (+0.07%)
     
  • GBP/USD

    1.4117
    -0.0060 (-0.42%)
     
  • BTC-GBP

    25,208.41
    -351.81 (-1.38%)
     
  • CMC Crypto 200

    924.19
    -17.62 (-1.87%)
     
  • S&P 500

    4,247.44
    +8.26 (+0.19%)
     
  • DOW

    34,479.60
    +13.36 (+0.04%)
     
  • CRUDE OIL

    70.78
    +0.49 (+0.70%)
     
  • GOLD FUTURES

    1,879.50
    -16.90 (-0.89%)
     
  • NIKKEI 225

    28,948.73
    -9.83 (-0.03%)
     
  • HANG SENG

    28,842.13
    +103.25 (+0.36%)
     
  • DAX

    15,693.27
    +122.05 (+0.78%)
     
  • CAC 40

    6,600.66
    +54.17 (+0.83%)
     

PJSC Magnitogorsk Iron and Steel Works: MMK Board Meeting Results

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·2-min read
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

PJSC Magnitogorsk Iron and Steel Works (MMK)
03-Jun-2021 / 08:04 CET/CEST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

MMK board meeting results

 

3 june 2021

Magnitogorsk, Russia

 

 

PJSC Magnitogorsk Iron & Steel Works ("MMK", or "the Group") (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, announces that MMK's Board of Directors held a meeting on 2 June 2021.

At the meeting, the Board made the following decisions, among others:

 

About MMK

MMK is one of the world's largest steel producers and a leading Russian metals company. The Group's operations in Russia include a large steel-producing unit encompassing the entire production chain, from the preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products, with a predominant share of premium products. In 2020, MMK produced 11.6 mln tonnes of crude steel and sold 10.8 mln tonnes of commercial steel products.

ММK is an industry leader in terms of production costs and margins. Group revenue in 2020 totalled USD 6,395 mln, with an EBITDA of USD 1,492 mln. MMK boasts the industry's lowest debt burden. Net debt/EBITDA ratio was -0.06х at the end of 2020. The Group's investment-grade rating is confirmed by the leading global rating agencies Fitch, Moody's and S&P.

MMK's ordinary shares are traded on the Moscow Exchange, while its depositary receipts are traded on the London Stock Exchange. Free float amounts to 18.7%.

Subscribe to our official MMK channel in Telegram, to be the first to know about key MMK news.

 

 

Investor Relations Department

Veronika Kryachko
+7 (915) 380-62-66
kryachko.vs@mmk.ru

 

ESG DEPARTMENT

 

Yaroslava Vrubel
+7 982 282 9682
vrubel.ys@mmk.ru

 

Communications Department

Dmitriy Kuchumov  
+7 (499) 238-26-13
kuchumov.do@mmk.ru

Oleg Egorov
+7 (499) 238-26-13
egorov.oa@mmk.ru

 

KEY UPCOMING EVENTS IN 2020

Financial calendar

 

21 June

Virtual conference for retail investors, Smart-lab

22-25 June

Rencap flagship investor conference, online

14 July

Q2 and 6M 2021 Trading Update

22 July

Q2 and 6M 2021 IFRS financials

27 July

Virtual conference for retail investors,

VTB Capital

 

 


ISIN:

US5591892048

Category Code:

ROM

TIDM:

MMK

LEI Code:

253400XSJ4C01YMCXG44

Sequence No.:

108988

EQS News ID:

1203883


 

End of Announcement

EQS News Service

show this
show this