Russian steelmaker MMK, one of the world's largest steel producers, has been recognised for the second time in a row as a major environmental player.
The company was placed 10th in rankings compiled by the Modern Media Research Institute and Live Planet TV and based on initiatives undertaken in Russia's energy and metal sectors during H1 2017.
Among the noteworthy MMK environmental initiatives recognised by the rankings were the reconstruction of the company's sulphur collection unit no.2 in the sintering plant, the reconstruction of the circulating water supply system and hosting a research conference at MMK entitled Problems of Ensuring the Environmental Safety of Enterprises in the Mining and Metallurgical Complex and Single-Industry cities.
Constant reduction and prevention of the harmful environmental effects of steel production, as well as introducing the best available technologies, are crucial elements of MMK's strategy to ensure the long-term sustainable development of the company.
MMK plans to invest billions into the realisation of the group’s environmental policy by 2025. The key priority is to reduce pollution levels.
MMK has developed a strategic initiative called ‘Clean City’, the goal of which is to achieve a low level of atmospheric pollution in Magnitogorsk by 2025.
MMK manufactures a broad range of steel products with a predominant share of high-value-added products. In 2016, it produced 12.5Mt of crude steel and 11.6Mt of commercial steel products. MMK Group sales in 2016 were valued at USD 5.6billion and EBITDA of USD 1.9 billion.