53°25′54″N 59°03′16″E / 53.43167°N 59.05444°E
Magnitogorsk Iron and Steel Works (Russian: Магнитогорский металлургический комбинат, romanized: Magnitogorskiy Metallurgicheskiy Kombinat), abbreviated as MMK, is an iron and steel company located in the city of Magnitogorsk, Russia. As of 2017, it was the 30th largest steel company in the world. In 2021, the company's revenue amounted to 786 billion rubles (€7,471,716,000).
Magnitogorsk (Russian: Магнитого́рск, IPA: [məɡnʲɪtɐˈɡorsk], lit. '[city] of the magnetic mountain') is an industrial city in Chelyabinsk Oblast, Russia, on the eastern side of the extreme southern extent of the Ural Mountains by the Ural River. Its population is currently 410,594 (2021 census).
Magnitogorsk was named after Mount Magnitnaya, a geological anomaly that once consisted almost completely of iron ore, around 55% to 60% iron. It is the second-largest city in Russia that is not the administrative centre of any federal subject or district, after Tolyatti. Magnitogorsk contains the largest iron and steel works in the country: Magnitogorsk Iron and Steel Works. The official motto of the city is "the place where Europe and Asia meet", as the city straddles von Strahlenberg's line.