Public Joint Stock Company Magnitogorsk Iron & Steel Works announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was USD 1,268 million compared to USD 1,999 million a year ago. Operating income was USD 90 million compared to USD 376 million a year ago. Net income was USD 57 million compared to USD 271 million a year ago. Basic earnings per share was USD 0.005 compared to USD 0.024 a year ago. For the half year, sales was USD 2,978 million compared to USD 3,835 million a year ago. Operating income was USD 373 million compared to USD 696 million a year ago. Net income was USD 188 million compared to USD 495 million a year ago. Basic earnings per share was USD 0.017 compared to USD 0.044 a year ago.