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Magnitogorsk Iron and Steel Works

OverviewSuggest Edit

Magnitogorsk Iron and Steel Works (MMK) is a manufacturer of iron and steel products. Its operations include a large steel-producing complex encompassing the entire production chain, from 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
HQKirov, RUMap
Websiteeng.mmk.ru

Locations

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

Location Map
All Locations (3)

Latest Updates

Employees (est.) (Nov 2019)17,887
Revenue (FY, 2018)$8.2 B(+9%)

Key People/Management at Magnitogorsk Iron and Steel Works

Pavel V. Shilyaev

Pavel V. Shilyaev

CEO
Nikolay A. Nikiforov

Nikolay A. Nikiforov

Independent Director
Andrey A. Eremin

Andrey A. Eremin

Director for Economics, PJSC MMK
Pavel A. Kravchenko

Pavel A. Kravchenko

Head of Logistics Administration, PJSC Magnitogorsk Iron and Steel Works.
Alexey Yu. Kuzmin

Alexey Yu. Kuzmin

Head of Domestic Sales Department, PJSC MMK.
Sergey V. Krivoshchekov

Sergey V. Krivoshchekov

Director for Corporate Matters and Social Programs, PJSC MMK
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Magnitogorsk Iron and Steel Works Office Locations

Magnitogorsk Iron and Steel Works has offices in Kirov and Dörtyol
Dörtyol, TR
Özerli Mah. Alparslan Türkeş Bulv. No:342/91
Show all (3)

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

Cash (30-Sept-2019)

936.0m
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%
show all
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
show all
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
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

241.0m538.0m814.0m279.0m671.0m1.1b225.0m497.0m768.0m

Depreciation and Amortization

130.0m267.0m399.0m144.0m285.0m419.0m119.0m240.0m371.0m

Inventories

(135.0m)(50.0m)4.0m82.0m164.0m106.0m66.0m77.0m46.0m

Accounts Payable

86.0m12.0m103.0m(131.0m)(133.0m)(95.0m)28.0m(5.0m)(67.0m)
show all
USDY, 2019

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.4 x
Show all financial metrics

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 Online and Social Media Presence

Magnitogorsk Iron and Steel Works's Trends

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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, Nikolay A. Nikiforov and Andrey A. Eremin.

  • 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 NLMK, Evraz and ArcelorMittal.

  • Where are Magnitogorsk Iron and Steel Works offices?

    Magnitogorsk Iron and Steel Works has offices in Kirov and Dörtyol.

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

    Magnitogorsk Iron and Steel Works has 3 offices.