Magnitogorsk Iron & Steel Works 2022 AR2
The report outlines PJSC MMK's operational and financial performance for the fiscal year 2022, highlighting its resilience amid geopolitical challenges and market volatility. Despite a 14% decrease in steel sales to 10.7 million tonnes, the company maintained its focus on premium products, which accounted for 44% of total sales. MMK continued its investment in sustainability, dedicating a record $437 million to environmental programs, including the construction of the eco-friendly coke-oven battery No. 12. Additionally, the company improved its safety culture, achieving a 12.9% year-on-year reduction in its Lost Time Injury Frequency Rate (LTIFR) to 0.54.
Company: Magnitogorsk Iron & Steel Works
Sector: Manufacturing
Country: Russia
Year: 2022
Type: AR2
Pages: 175
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Magnitogorsk Iron & Steel Works
Annual Report
The report outlines PJSC MMK's operational and financial performance for the fiscal year 2022, highlighting its resilience amid geopolitical challenges and market volatility. Despite a 14% decrease in steel sales to 10.7 million tonnes, the company maintained its focus on premium products, which accounted for 44% of total sales. MMK continued its investment in sustainability, dedicating a record $437 million to environmental programs, including the construction of the eco-friendly coke-oven battery No. 12. Additionally, the company improved its safety culture, achieving a 12.9% year-on-year reduction in its Lost Time Injury Frequency Rate (LTIFR) to 0.54.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Published
Apr 20, 2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Total Waste
Women on Board
Employees