MMK Trading House again wins Russian Union of Metal and Steel Suppliers awards
Every year from July to October, RSPM holds three all-Russian competitions: ‘The Best Russian Steel Stock’, ‘The Best Russian Steel Service Centre’ and ‘The Best Russian Sales Network’. The purpose of these competitions is to popularise the best practices and achievements in the organisation and distribution of steel products and the best development of warehouse and steel distribution network services in the Russian metals market.
The network and regional steel trading companies, the sales department of steel companies, metal base dealers and steel service centres all take part in the competitions. This year 28, service metal centres, 62 metal base companies and 25 steel trading companies entered the competition. The award ceremony took place on 12 November in Moscow at the end of the 21st International Russian Metals Market Conference.
Traditionally, MMK Trading House and the separate divisions included in its branch network have been awarded numerous awards. MMK Trading House itself was recognised as "the best trading house for metallurgical product sales" in the Russian Sales Network competition. In the Russian Steel Service Centre competition, the top prize was awarded to MMK Trading House’s production unit in Magnitogorsk, and the production unit in Shchelkovo near Moscow was awarded a certificate "for high performance".
In "The Best Russian Steel Stock" competition, MMK-Trading House Moscow (Shchelkovo, Podolsk, Domodedovo) and MMK Trading House Krasnodar came top. MMK Trading House-Chelyabinsk was recognised as the best metal base for quality of service, and MMK Trading House-Ufa received the best metal base for efficiency.
The MMK Trading House in Irkutsk was recognised as the debut base of the year.
The main task of MMK Trading House, which recently celebrated its 10th anniversary, is to sell metal products made by the Magnitogorsk Iron and Steel Works’ and other MMK Group subsidiaries (MMK-METIZ, MMK-Lysvensky Metallurgical Plant) from their warehouse sites located in the regions of Russia and in the Republic of Kazakhstan. The company plays an important role in the sales structure of MMK, reducing the waiting time for consumers, as well as providing service and logistics services. Currently, MMK trading house sells over 1.5 million tonnes of products per year from warehouses in Russia and Kazakhstan, and the company's share in MMK's sales to the domestic market is more than 10%.
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.
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