OREANDA-NEWS. Magnitogorsk Iron and Steel Works Open Joint Stock Company announces the increase of its stake in OAO "Bashmetalloptorg" from 25,67% to 87,99%.

OAO MMK’s participation in the authorized capital of OAO "Bashmetalloptorg" is in line with Magnitogorsk Iron and Steel Works strategic plans towards creation of its service metal centre system and contributes to domestic distribution of MMK’s production. It also allows to meet the consumer service requirements better.