11,418.11 TRY BIST 100 BIST 100
48.02 EUR EUR EUR
41.04 USD USD USD
5.76 CNY CNY CNY
0.12 CNY CNY/EUR CNY/EUR
39.05 TRY Interest Interest
67.87 USD Fossil Oil Fossil Oil
38.96 USD Silver Silver
4.52 USD Copper Copper
102.76 USD Iron Ore Iron Ore
335.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,483.62 TRY Gold (gr) Gold (gr)

Russian steel giant MMK plans RUB 10.2 billion environmental investment

Russian steel giant MMK Group (Magnitogorsk Iron & Steel Works) plans to allocate RUB 10.2 billion (approximately USD 127 million) for environmental investments in 2025. Of this amount, RUB 9.9 billion will be funded by the parent company.

Russian steel giant MMK plans RUB 10.2 billion environmental investment

Under the approved 2025 Environmental Program, the company will implement comprehensive projects at both its main facilities and subsidiaries.

Key Modernization Projects

MMK aims to carry out a total of 25 environmental measures and 7 projects within its group companies this year. The largest portion of the investment, RUB 2.6 billion (approximately USD 32.3 million), will be directed to modernizing the coke production unit and constructing environmental protection structures.

Additionally, RUB 1.8 billion (approximately USD 22.4 million) will go toward modernizing blast furnace production. The company plans to replace the hot stove units of five blast furnaces by 2027.

Waste management is also part of the 2025 targets. MMK will process 7.5 million tons of existing and waste metallurgical slag, using at least 1.8 million tons of recycled material for sinter plant charging.

Green Spaces and Biodiversity Efforts

MMK continues its initiatives to preserve natural habitats. Last year, the company planted 5,655 trees and shrubs on its premises and created 1,473 green areas in Magnitogorsk.

Plans for 2025 include rehabilitating 7 hectares at the West Mine of Magnitnaya Mountain and completing the next phase of a fish stocking project in the Magnitogorsk Reservoir. In October, the company will release 50,000 carp, 40,000 mirror carp, and 3,500 zander into the reservoir.

Through these implemented and planned projects, MMK aims not only to achieve its sustainability goals but also to contribute to improving air quality in the city of Magnitogorsk.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

South African steel pipe manufacturers are expanding into new markets in West Africa

Thursday, August 28, 2025

The UK CBAM technical committee has announced the details of carbon pricing and scope

Thursday, August 28, 2025

Mexico plans to increase tariffs on China

Thursday, August 28, 2025

ASELSAN has launched a $1.5 billion investment at its Oğulbey facility

Thursday, August 28, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now