COVID-19 RESPONSE
The COVID-19 response centre established at MMK and led by the CEO has continued to operate. In line with all the measures introduced in spring, office employees work remotely, the number of personnel at production sites is reduced, and shifts are separated by pauses.
The Group continuously monitors the situation and takes all necessary steps to prevent the spread and reduce the risk of coronavirus infection.
OUTLOOK
The stable demand in the domestic and international markets will support sales in Q1 2021. The premium product capacity utilisation rate will remain at 100%.
The major increase in metallurgical raw material prices and positive dynamics of global prices for metal products will support the growth of prices for
CAPEX for Q1 2021 is expected to grow q-o-q, in line with the implementation schedule for projects pursued under the Group's strategy.
Operational excellence initiatives under the updated strategic initiatives will further boost the Group's profitability in Q1 2021.
ABOUT MMK
MMK is one of the world's largest steel producers and a leading Russian metals company. The Group's operations in
MMK is an industry leader in terms of production costs and margins. Group revenue in 2019 totalled
MMK's ordinary shares are traded on the Moscow Exchange, while its depositary receipts are traded on the
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Contact:
Veronika Kryachko
Tel: +7 915 380 6266
Email: kryachko.vs@mmk.ru
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