OJSC Magnitogorsk Iron and Steel Works ("MMK") has been recognised as one of the top 10 most environmentally friendly companies in Russia’s energy and metals sector in H2 2016, according to ratings compiled by the Modern Media Research Institute and Live Planet TV.

MMK took 10th place on the list and was the only company from the iron and steel industry in the top 10. The organisers highlight the following MMK achievements:

•           comprehensive programme to save energy and increase energy efficiency

•           construction of a new sinter plant

•           its Environmental Programme 2016 initiatives

•           commissioning an absorption system at sulphur capture unit ¹2

MMK’s CEO Pavel Shilyaev has said that MMK will invest a total of RUB 35.6 bln in environmental initiatives by 2025. These investments are a part of the Clean City strategic programme adopted in 2015, comprising over 30 environmental initiatives. Some of these initiatives are being implemented in 2017 as part of the Year of Environment, which is held in Russia this year.

The reconstruction of the sulphur capture systems highlighted by the ratings was completed in February 2017. MMK’s total investment in the project amounted to RUB 3.8 bln. As a result of the mill’s environmental programme, its air emissions declined 3,500 tonnes in 2016.

About MMK

MMK is one of the world's largest steel producers and a leading Russian metals company. The company's operations in Russia include a large steel-producing complex 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 high-value-added products. In 2016, the company produced 12.5 million tonnes of crude steel and 11.6 million tonnes of commercial steel products. MMK Group had sales in 2016 of USD 5,630 million and EBITDA of USD 1,956 million.

Media contacts: