Magnitogorskiy Metallurgicheskiy Kombinat PAO traded at 17.95 this Thursday June 25th, decreasing 0.70 or 3.75 percent since the previous trading session. Looking back, over the last four weeks, Magnitogorskiy Metallurgicheskiy Kombinat PAO lost 24.69 percent. Over the last 12 months, its price fell by 44.74 percent. Looking ahead, we forecast Magnitogorskiy Metallurgicheskiy Kombinat PAO to be priced at 20.30 by the end of this quarter and at 18.50 in one year, according to Trading Economics global macro models projections and analysts expectations.
Magnitogorskiy Metallurgicheskiy Kombinat PAO, formerly Magnitogorskiy metallurgicheskiy kombinat OAO, is a Russia-based company, active in the steel industry. Its main products are sinter, coke, iron, crude steel, rolled products and ore materials. The Company offers a wide range of products such as wire rod, rebars, square bars, strips, round bars, among others. It is also involved in the coal ore mining, processing of ore materials, sale of ferrous metal products and others. Magnitogorskiy metallurgicheskiy kombinat OAO operates as a supplier for such industries as: pipelines, vehicles, railway, construction and shipbuilding, among others. Its subsidiaries include Lys'venskaya Metallurgicheskaya Kompaniya OOO, among others. The Company operates domestically, as well as exports its products to the Commonwealth of Independent States (CIS) countries, Asia, the Middle East and Europe.