OverviewSuggest Edit

Magnitogorsk Iron and Steel Works (MMK) is a manufacturer of iron and steel products. Its operations include a steel-producing complex encompassing the production chain from the preparation of iron ore to downstream processing of rolled steel. The company offers rolled steel, flat, long, coated and galvanized products, and tin plates. It serves the pipe-making, automotive, railroad machinery, shipbuilding, construction, and other industries.

TypePublic
Founded1932
HQMagnitogorsk, RU
Websiteeng.mmk.ru

Locations

Magnitogorsk Iron and Steel Works is headquartered in
Magnitogorsk, Russian Federation

Location Map

Latest Updates

Employees (est.) (Dec 2018)17,887
Revenue (FY, 2018)$8.2 B(+9%)
Share Price (Apr 2021)₽62.1
Cybersecurity ratingFMore

Key People/Management at Magnitogorsk Iron and Steel Works

Pavel V. Shilyaev

Pavel V. Shilyaev

CEO of Magnitogorsk Iron and Steel Works.
Andrey A. Eremin

Andrey A. Eremin

Director for Economics, PJSC MMK
Sergei V.Shepilov

Sergei V.Shepilov

Chief Legal Officer, PJSC MMK
Pavel A. Kravchenko

Pavel A. Kravchenko

Director for Security, PJSC Magnitogorsk Iron and Steel Works.
Sergey V. Krivoshchekov

Sergey V. Krivoshchekov

Director for Corporate Matters and Social Programs, PJSC MMK
Sergei A. Nenashev

Sergei A. Nenashev

Сommercial Director of PJSC MMK
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Magnitogorsk Iron and Steel Works Office Locations

Magnitogorsk Iron and Steel Works has offices in Magnitogorsk and Shanghai
Magnitogorsk, RU (HQ)
Ulitsa Kirova, 93
Shanghai, CN
21B, 918 Huaihai Middle Rd, Huai Hai Lu Zhong Duan, Huangpu Qu
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Magnitogorsk Iron and Steel Works Financials and Metrics

Magnitogorsk Iron and Steel Works Revenue

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View revenue for all periods
Magnitogorsk Iron and Steel Works's revenue was reported to be $8.21 b in FY, 2018 which is a 8.9% increase from the previous period.
USD

Revenue (Q3, 2019)

2.0b

Gross profit (Q3, 2019)

591.0m

Gross profit margin (Q3, 2019), %

29.4%

Net income (Q3, 2019)

271.0m

EBITDA (Q3, 2019)

525.0m

EBIT (Q3, 2019)

386.0m

Market capitalization (8-Apr-2021)

694.7b

Closing stock price (8-Apr-2021)

62.1

Cash (30-Sept-2019)

936.0m

EV

694.6b
Magnitogorsk Iron and Steel Works's current market capitalization is ₽694.7 b.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

5.6b7.5b8.2b

Revenue growth, %

34%9%

Cost of goods sold

3.8b5.3b5.5b

Gross profit

1.8b2.3b2.7b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

1.7b1.9b2.0b2.1b2.1b2.1b1.8b2.0b2.0b

Cost of goods sold

1.2b1.4b1.4b1.4b1.4b1.3b1.3b1.5b1.4b

Gross profit

489.0m537.0m602.0m633.0m722.0m753.0m515.0m548.0m591.0m

Gross profit Margin, %

29%28%30%31%34%36%28%27%29%
Annual
USDFY, 2016FY, 2017FY, 2018

Cash

266.0m556.0m739.0m

Accounts Receivable

487.0m677.0m642.0m

Prepaid Expenses

5.0m8.0m10.0m

Inventories

1.1b1.4b1.2b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

274.0m267.0m618.0m441.0m600.0m832.0m710.0m907.0m936.0m

Inventories

1.3b1.1b1.1b1.4b1.2b1.2b1.2b1.2b1.2b

Current Assets

2.5b2.3b2.7b2.8b2.7b2.9b2.8b3.1b3.0b

PP&E

4.6b4.6b4.7b5.0b4.7b4.6b4.7b5.0b4.9b
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

1.1b1.2b1.3b

Depreciation and Amortization

479.0m544.0m566.0m

Inventories

(32.0m)(269.0m)28.0m

Accounts Payable

94.0m189.0m(105.0m)
Quarterly
USDFY, 2016

Revenue/Employee

311.4k

Debt/Equity

0.1 x

Debt/Assets

0.1 x

Financial Leverage

1.4 x
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Magnitogorsk Iron and Steel Works Operating Metrics

FY, 2016Q4, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019

Finished Products Sold (MMK Group), tonnes

11.45 m2.83 m11.62 m2.83 m2.85 m3.05 m2.94 m11.66 m2.78 m2.86 m2.90 m

Long Products Sold (MMK Group), tonnes

1.33 m342 k1.37 m284 k364 k386 k356 k1.39 m329 k366 k340 k

Slabs and Billets Sold (MMK Group), tonnes

104 k2 k4 k

Flat Hot-rolled Products Sold (MMK Group), tonnes

4.87 m1.22 m4.97 m1.20 m1.10 m1.32 m1.23 m4.85 m1.11 m1.06 m1.14 m
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Magnitogorsk Iron and Steel Works Acquisitions / Subsidiaries

Company NameDateDeal Size
LMC GroupDecember 19, 2017$10 m
LLC IK MMK Finance
LLC Mekhanoremontny Komplex
LLC MMK LMZ
LLC MMK Ugol
LLC MMK Vtormet
LLC MTSOZ
LLC Ogneupor
LLC OSK
LLC Stroitelny Komplex
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Magnitogorsk Iron and Steel Works Revenue Breakdown

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Magnitogorsk Iron and Steel Works revenue breakdown by business segment: 7.5% from Steel (Turkey), 91.8% from Steel (Russia) and 0.6% from Other

Magnitogorsk Iron and Steel Works revenue breakdown by geographic segment: 9.0% from Middle East, 79.0% from Russian Federation and the CIS and 12.0% from Other

Magnitogorsk Iron and Steel Works Cybersecurity Score

Cybersecurity ratingPremium dataset

F

28/100

SecurityScorecard logo

Magnitogorsk Iron and Steel Works Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Magnitogorsk Iron and Steel Works Online and Social Media Presence

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Magnitogorsk Iron and Steel Works Frequently Asked Questions

  • When was Magnitogorsk Iron and Steel Works founded?

    Magnitogorsk Iron and Steel Works was founded in 1932.

  • Who are Magnitogorsk Iron and Steel Works key executives?

    Magnitogorsk Iron and Steel Works's key executives are Pavel V. Shilyaev, Andrey A. Eremin and Sergei V.Shepilov.

  • How many employees does Magnitogorsk Iron and Steel Works have?

    Magnitogorsk Iron and Steel Works has 17,887 employees.

  • What is Magnitogorsk Iron and Steel Works revenue?

    Latest Magnitogorsk Iron and Steel Works annual revenue is $8.2 b.

  • What is Magnitogorsk Iron and Steel Works revenue per employee?

    Latest Magnitogorsk Iron and Steel Works revenue per employee is $459.2 k.

  • Who are Magnitogorsk Iron and Steel Works competitors?

    Competitors of Magnitogorsk Iron and Steel Works include SSAB, NLMK and Evraz.

  • Where is Magnitogorsk Iron and Steel Works headquarters?

    Magnitogorsk Iron and Steel Works headquarters is located at Ulitsa Kirova, 93, Magnitogorsk.

  • Where are Magnitogorsk Iron and Steel Works offices?

    Magnitogorsk Iron and Steel Works has offices in Magnitogorsk and Shanghai.

  • How many offices does Magnitogorsk Iron and Steel Works have?

    Magnitogorsk Iron and Steel Works has 2 offices.