Magnitogorsk Iron and Steel Works (MMK) has opened a new building at the Metallurg health resort in Yessentuki, Stavropol Krai. The opening ceremony was attended by Viktor Rashnikov, Chairman of MMK’s Board of Directors; Pavel Shilyaev, MMK’s CEO; and Ivan Nifontov, Deputy Governor of Stavropol Krai.
“The resort was originally built in the heart of the Caucasian Mineral Waters region for Magnitogorsk’s steelworkers but has since become popular with a much wider audience,” said Mr Rashnikov. “Its unique natural setting and high level of comfort encourage guests to return and choose Metallurg time and again. To meet growing demand, we decided to construct a new building and did so in just two years. With one-third more capacity, the resort can now welcome up to 16 thousand guests annually. A significant number of visitors are MMK employees and their families, who benefit from subsidised stays. Our steelworkers work hard and deserve a good rest. This is a matter of principle for us.”
The new five-storey building, with a total area of 6.5 thousand square metres, was designed with a focus on functionality and modern comfort. It includes 95 rooms and is connected to other buildings via a heated passage. A spacious dining hall is available for the convenience of guests. A key feature of the new building is the accessible rooftop – a unique space for climatotherapy and outdoor relaxation with views of the Caucasus Mountains.
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PJSC Magnitogorsk Iron and Steel Works (MMK) is one of the world’s largest steel producers and a leading Russian metallurgical company. The Company’s assets form a fully integrated metallurgical complex, covering the entire production chain from iron ore preparation to high-value-added processing of ferrous metals.
MMK has a robust production base that enables it to manufacture highly competitive products and offer a broad product range, with innovative solutions accounting for the majority of its output. The domestic market remains a strategic priority for the Company. Key customers include metal-processing companies, such as pipe, hardware and machine-building plants, as well as automotive and construction firms.
MMK is a regional and industry leader in terms of capital investment in construction and technical modernisation.
Established in 1964, the Metallurg health resort (Yessentuki) occupies a site covering 6 hectares. In 2025, it welcomed more than 11 thousand guests and was included in the register of Russia’s top health resorts. With the opening of the new building, total capacity has increased to 530 beds.
Guests have access to extensive leisure and recreation infrastructure, including a swimming pool, sports facilities, a cinema and concert hall, and a library. Renowned mineral springs are located nearby. A modern medical centre equipped with advanced technology enables treatment for a wide range of conditions and supports comprehensive wellness programmes for both adults and children. Conveniently located 38 kilometres from Mineralnye Vody Airport, the resort is a popular destination for MMK employees, visitors from across Russia and international guests.
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OAO MMK – Magnitogorskiy Metallurgicheskiy Kombinat published this content on April 28, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 29, 2026 at 07:11 UTC.