MMK Trading House becomes one of the most successful for electronic trading
The list of the most successful Russian suppliers was compiled based on the results of 2018 by a special computer algorithm with a number of different criteria. Among the top 1,000 companies were suppliers with the highest number of tender win rate. The companies also had to have participated in a minimum of ten tenders with three different customers. The final list included representatives from the main sectors of the economy. MMK Trading House (TD MMK) was among the best in the Industry category. All winning companies received a Successful Supplier badge and a special acknowledgement of this prize on the B2B Center website.
"The most successful suppliers in Russia are chosen not by our employees, but by an intelligent algorithm. This algorithm analyses the data on our electronic platform and summarises it," explains Andrey Boyko, Commercial Director of B2B Center. "Thanks to the selection criteria, only those companies that are really committed to getting new orders and new customers and are doing a great job for the development of business end up on the list. Thus, we are happy to tell the market and potential customers about them."
The electronic trading platform B2B Center is the leading platform of its kind in Russia in terms of purchasing and selling in the business-to-business (b2b) sector. Over 240 ths companies use B2B Center services.
MMK Trading House is an authorised MMK representative for all regions of Russia and in Kazakhstan. Its main purpose is to sell metal products produced by the Magnitogorsk Iron and Steel Works (MMK) and other MMK Group enterprises. TD MMK is one of the most dynamic metal trading networks in the country, currently comprising 31 separate structural units in Russia covering all the leading industrial centres, as well as five structural units in Kazakhstan. From its warehouses in Russia and Kazakhstan, MMK sells more than 1.7 mln tonnes of metal products every year. TD-MMK is responsible for over 10% of MMK's total sales to the domestic market. TD MMK has won several awards from national competitions held by the Russian Union of Metal and Steel Suppliers for "Best Russian metal depot", "Best metal service centre in Russia" and "Best sales network in Russia".
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 unit 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 2018, the company produced 12.7 mln tonnes of crude steel and 11.7 mln tonnes of commercial steel products. MMK Group had sales in 2018 of USD 8,214 mln and EBITDA of USD 2,418 mln.
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