Public Joint Stock Company Magnitogorsk Iron & Steel Works announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was USD 1,710 million compared to USD 1,836 million a year ago. Operating income was USD 283 million compared to USD 320 million a year ago. Net income was USD 131 million compared to USD 224 million a year ago. Basic earnings per share was USD 0.012 compared to USD 0.02 a year ago.