Magnitogorsk Iron and Steel Works (MMK) invested over RUB 58 bln in environmental activities from 2000-2018, including RUB 9 bln in the last year alone, according to the Company's environmental report, published on its official website.

The report was prepared in order to inform all stakeholders about the Company's efforts in the field of environmental safety. The report reflects the main principles of MMK's environmental policy, the results of environmental activities for the period from 2000 to 2018, as well as key areas for the implementation of the ‘Clean City’ strategic initiative.

When planning long-term and sustainable development, MMK always works to ensure environmental safety and to improve their environmental management system. The Company's production work is carried out in accordance with the Russian legal requirements in the field of environmental protection and in accordance with the international standard ISO 14001:2015.

Among the main aims of environmental investments at Magnitogorsk is the implementation of air quality protection measures and measures aimed at reducing the plant's negative impact on water bodies. MMK's focus is on the use of industrial waste in its own production and reclamation of land. The result of this work was the reduction of total air emissions by 1.6 times from 2000 to 2018 (specific emissions were reduced by 2.1 times) and total pollutant discharges into water bodies was reduced by 2.9 times over the same period. Today, 100% of industrial waste water is used in water recycling.

MMK's environmental programmes are part of the country's overall environmental strategy. Comprehensive action plans to reduce emissions of air pollutants are being implemented in twelve large industrial centres, including Chelyabinsk and Magnitogorsk, this is in accordance with the President of Russia's decree "on national goals and strategic objectives of the Russian Federation for the period up to 2024". The key elements of the comprehensive plan adopted at Magnitogorsk are MMK's projects developed within the framework of MMK's 'Clean City' initiative.

This environmental program is part of MMK's development strategy for the period up to 2025 and aims to lower Magnitogorsk's air pollution rating to the level of 5 units by 2025 (to meet the conditions of the ‘Clean City’ initiative) and for their production standards to reflect the use of the best available technologies in Russia in terms of environmental impact. The strategic initiative envisages the construction of new environmental facilities and the reconstruction of existing facilities, as well as the radical first reconversion with decommissioning of obsolete equipment.

The implementation of the measures included in the 'Clean City' initiative will allow a reduction in total emissions into the atmosphere by 18.4 thousand tonnes by 2025 and a tenfold reduction in emissions of the most dangerous class 1 and class 2 pollutants. Emissions of pollutants are expected to be reduced by 37.5 thousand tonnes. Waste recycling is targeted at no less than 2.3 million tonnes per year. Annual reclamation is planned at 20 thousand square metres of exhausted quarries. As part of the urban landscaping programme, 11 thousand trees and shrubs will be planted on Magnitogorsk land. MMK's total investment in environmental projects between 2018 and 2025 should exceed RUB 38 billion.

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 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 high-value-added products. In 2018, the company produced 12.7 mln tonnes of crude steel and 11.7 mln tonnes of commercial steel products. MMK Group had sales in 2018 of USD 8,214 mln and EBITDA of USD 2,418 mln.

Investor contacts: 
Andrey Serov 
tel.: +7 (3519) 24-52-97 
E-mail: serov.ae@mmk.ru

Media contacts: 
Dmitry Kuchumov 
tel.: +7 (499) 238-26-13 
E-mail: kuchumov.do@mmk.ru 
Dmitry Bulin 
tel.: +7 (499) 238-26-13 
E-mail: bulin.dn@mmk.ru