Magnitogorsk Iron and Steel Company

Magnitogorsk Iron and Steel Works (Magnitogorsk Iron and Steel Works) Russia's largest iron and steel conglomerate, founded in 1929; the first iron production in 1932; in 1933 began to produce steel and steel. During the Patriotic War, it produced armor steel and shell steel for the military industry, and 50% of the armor plate used in Soviet tanks at the time came from the company. Magnito was ranked 670th on Forbes' 2014 Global 2000 list of companies.