Russian Deputy Prime Minister Tatyana Golikova's recent visit to the Chelyabinsk region encompassed a comprehensive exploration of Magnitogorsk Iron and Steel Works and the picturesque Attraction Park in Magnitogorsk. Accompanied by MMK's Chairman of the Board of Directors, Viktor Rashnikov, the Deputy Prime Minister delved into MMK's upcoming projects, notably the inspection of the newly constructed coke plant No. 12, poised to revolutionize MMK's production capacity and environmental sustainability.
The inauguration of coke plant No. 12 signifies a pivotal milestone for MMK, with a projected annual production capacity of 2.5 million metric tons of dry coke. This strategic upgrade aligns with MMK's commitment to modernization, aiming to phase out outdated facilities and reduce gross atmospheric emissions by 11.35 thousand metric tons annually, showcasing a dedication to eco-friendly operations.
Deputy Prime Minister Golikova and Mr. Rashnikov engaged in discussions regarding MMK's workforce development strategies, emphasizing collaborations with educational institutions like Nosov Magnitogorsk State Technical University (NMSTU) to cultivate skilled engineering professionals. Initiatives such as the Quantorium technology park and IT Cube underscore MMK's investment in nurturing talent and fostering innovation within the industry.
Furthermore, MMK's support for educational and manufacturing clusters at NMSTU's Multidisciplinary College underlines the company's commitment to practical training and employment opportunities for over 800 students. These programs, equipped with cutting-edge laboratories and advanced equipment, aim to groom the next generation of metallurgical experts, ensuring a skilled workforce for MMK's future endeavors.
The visit extended to Attraction Park in Magnitogorsk, a visionary project spearheaded by Mr. Rashnikov, serving as a recreational haven for residents and visitors alike. The park's transformation from a former greenhouse cooperative into a vibrant recreational space boasts amenities like playgrounds, sports complexes, and extensive walking trails, attracting over 3 million visitors since its inception. Future plans include a healthcare center and a hockey academy, showcasing MMK's holistic approach to community welfare and sports development.
MAGN: MMK
Price: ₽53.895
Change: - ₽0.405 (0.75%)
Based on the technical analysis model, MMK stock on the MAGN exchange is currently experiencing a slight decline of 0.75%. The trends indicate a short-term downtrend, reflecting a temporary decrease in stock value. In terms of support and resistance levels, the Moving Averages and MACD signals suggest a potential consolidation phase. Fibonacci analysis indicates key levels for potential reversals or continuations in price movement, while Bollinger Bands highlight the stock's volatility and potential price range. Investors may observe caution amidst the current downtrend, awaiting signals of a reversal or stabilization in MMK's stock value.
