MMK Metiz expands possibilities to supply railway industry

Over the course of a week, specialists of the Russian branch of the international certification body DQS (Germany) conducted an audit of the management system of MMK Metiz for compliance with ISO/TS 22163:2017, which replaced IRIS - the previous international standard for the railway industry.

Compliance with the requirements of ISO/TS 22163 is assessed on a percentage scale and scores are awarded in the audit. During the test, the level of maturity of the management system of MMK Metiz was evaluated at 65%. As noted by the auditors, this is a very good result for a company, being certified according to this standard for the first time.

ISO/TS 22163:2017 certification is extremely important to the development of cooperation with a long-term customer of MMK Metiz - Russian Railways. This standard conforms to the requirements for suppliers of products for the railway industry. ISO/TS 22163 involves an assessment of the management system to facilitate its continuous improvement, as well as requirements for the development of the entire production chain. The implementation of the management system according to this standard will allow the Company to optimise production, improve the quality and competitiveness of products, as well as strengthen the position of MMK Metiz as one of the leading suppliers of products for the railway industry.

About MMK

MMK is one of the world's largest steel producers and a leading Russian metals company. The company's operations in Russia include a large steel-producing complex encompassing the entire production chain, from the preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of high-value-added products. In 2017, the company produced 12.9 million tonnes of crude steel and 11.6 million tonnes of commercial steel products. MMK Group had sales in 2017 of USD 7,546 million and EBITDA of USD 2,032 million.

Investor contacts:

Andrey Serov tel.: +7 (3519) 24-52-97 E-mail: serov.ae@mmk.ru

Media contacts:

Dmitry Kuchumov tel.: +7 (499) 238-26-13 E-mail: kuchumov.do@mmk.ru

Dmitry Bulin tel.: +7 (499) 238-26-13 E-mail: bulin.dn@mmk.ru