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Snowflake Analysis

Solid track record with excellent balance sheet and pays a dividend.

4 Risks
2 Rewards

Public Joint Stock Company Magnitogorsk Iron & Steel Works Key Details

US$11.9b

Revenue

US$6.4b

Cost of Revenue

US$5.5b

Gross Profit

US$2.4b

Other Expenses

US$3.1b

Earnings

Last Reported Earnings
Dec 31, 2021
Next Reporting Earnings
Oct 18, 2022
0.28
46.20%
26.27%
15.2%
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About MAGN

Founded
1932
Employees
n/a
CEO
Pavel Shilyaev
WebsiteView website
www.mmk.ru

Public Joint Stock Company Magnitogorsk Iron & Steel Works, together with its subsidiaries, produces and sells ferrous metal products in Russia and the CIS countries, the Middle East, South Africa, Asia, Europe, North America, and Africa. It offers rolled products made of high-strength steels; flat products, including hot rolled coils, hot rolled sheets, cold rolled coils and sheets, black plates, and cold rolled narrow strips; long products, such as wire rods, rebars, square bars, strips, and round bars; and coated products comprising color coated products, hot dip galvanized products, and tin plates. The company also provides cold formed sections; special hot rolled sections; shaped sections, such as U-beams, angles, and hot rolled beams; water and gas mains pipes; slabs; square and rectangular billets for re-rolling; products for the automotive industry; and miscellaneous products. In addition, it is also involved in production of metal hardware; maintenance of metallurgical equipment; production of cement and refractory materials; collection and processing of metal scrap; mining, refining, and sale of coal; and trading activities. The company was incorporated in 1932 and is based in Magnitogorsk, Russia. Public Joint Stock Company Magnitogorsk Iron & Steel Works operates as a subsidiary of Altair, LLC.

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