Magnitogorsk Iron & Steel Works Turns 87

4 February 2019 (09:17)

UrBC, Magnitogorsk, February 4, 2019. Magnitogorsk Iron & Steel Works (MMK) was founded eighty-seven years ago this month (February 1, 2019). This is now one of both Russia and the world’s largest metallurgical enterprises.

According to the company’s Information & PR Department, MMK considers February 1, 1932 its official opening date. One year later, in 1933, the open-hearth furnace facility complemented the original blast furnace division, so the plant started producing steel. In August 1934, Magnitogorsk’s first Section Mill 500 got launched as well.

MMK made armor steel and armor plates during the war; every one in three shells and every one in two tank armors made in the USSR came from MMK assembly lines.

The plant is one of the largest metallurgical facilities in both Russia and the world today. MMK produced around 12,700,000,000 kg of steel and over 11,400,000,000 kg of ready metal goods last year, as well as more than 800,000,000,000 kg of steel in the eighty-seven years it has been operating.

Magnitogorsk Iron & Steel Works is Chelyabinsk Region’s and the metallurgical sector’s leading company in terms of investments in fixed assets and production upgrades. The plant has invested nearly $7.5bn in its development in the last decade. These investment projects included a reconstruction of the plant’s section mill facilities and steel-smelting division’s upgrades as well as the construction of MMK’s unique hot-roll Mill 5000 and the launch of a new extra-furnace steel processing unit at the plant’s oxygen converter department.

Forbes declared MMK Russia’s Employer of The Year in 2017. The company was also one of the four Russian companies among the 500 businesses on the World’s Best Employers list.

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