Magnitogorsk Iron & Steel Works (MAGN)

Overview

Public Joint Stock Company Magnitogorsk Iron & Steel Works, established in 1932 and headquartered in Magnitogorsk, Russia, operates within the ferrous metallurgy sector, producing and distributing a wide range of steel products both domestically and internationally. With a diversified portfolio that spans across multiple industries such as automotive, construction, consumer goods, and more, Magnitogorsk Iron & Steel Works stands as a pivotal player in the steel manufacturing sphere. Operating as a subsidiary under Mintha Holding Limited, it not only excels in the production and sale of steel products but also extends its expertise into mining and selling coal, along with engaging in activities that encompass the full cycle of metal product production and distribution.

Products and Services

The company offers a broad array of products catering to various industrial requirements:

• Rolled Products: Specially featuring high-strength steels, these products include hot-rolled pickled narrow strip, hot-rolled pickled coils/sheets, cold-rolled steel coils, cold-rolled steel sheets, cold-rolled narrow strips, and black plates. They are primarily used in sectors requiring durable and high-quality steel materials.
• Long Products: Comprising wire rods, rebars, square bars, flat bars, hexagonal bars, and round bars, these products serve as fundamental components in construction, manufacturing, and engineering sectors, attributed to their versatility and strength.
• Coated Products: This category includes color-coated products, hot-dip galvanized rolled products, and tin plates, tailored for applications demanding corrosion resistance and aesthetic qualities, prominently used in the consumer goods, construction, and packaging industries.
• Other Steel Products: Featuring cold-formed sections and steel pipes, U-channels, angles, hot rolled special sections, slabs, and square and rectangular billets, these products accommodate a wide range of specific industrial applications, from construction frameworks to bespoke manufacturing needs.
• Additional Offerings: Beyond steel, the company supplies products of the coke and chemical by-products division, crushed stone and slag, limestone and dolomite, industrial gases, and more. These supplementary products support the steel manufacturing processes and offer solutions to various industrial challenges.
• Mining and Sale of Coal: Engaging in the mining and commercialization of coal underscores the company's involvement in the energy sector, providing critical resources for both its operations and the wider market.