10:37MMK seeks self-sufficiency in raw materials and focus on domestic market
Under its strategy, the Magnitogorsk metallurgical works (MMK) will focus operations on the domestic market, seek self-sufficiency in raw materials and give priority to long-term contracts. We believe that the strategy will boost profit margins, making its shares more appealing for investors.
10:35Large-scale investments and controlling shareholder lie ahead for Kazanorgsintez
Large-scale investments on the part of Gazprom would help Kazanorgsintez fulfill its investment program and expand production. However, the looming takeover of a controlling share in the Kazan company by Gazprom would entail an additional share issue, which could dilute minority shareholdings in the company.
1.169
115.98
