MMK Trading House, a part of Magnitogorsk Iron and Steel Works ("MMK") Group, reports sales of 840,000 tonnes of products for the first eight months of 2017, up 14% year-on-year.

In August 2017, the company set a new record in monthly sales – shipping more than 145,000 tonnes of metal, metalware, and profiled metal. Warehouse sales grew thanks to optimised warehouse logistics and increase in sales to end customers.

Strong results were in particular demonstrated by the company’s production facility in Schelkovo (Moscow Region), which produces profiled flooring, siding, and metal tiles. In the first eight months of 2017, this facility sold approximately 46,000 tonnes of profiled metal, up 10% year-on-year.

Sales of high-tensile steel produced by PJSC MMK under MAGSTRONG brand increased by six times. This steel is characterized by high resistance against abrasive wear, impact hardness, good welding properties and workability, which makes it possible to increase the life cycle of products produced from this metal. In the first eight months of 2017, MMK Trading House shipped approximately 900 tonnes of MAGSTRONG metal to Russian and international customers.

MMK Trading House is one of the largest metal sellers in Russia. It sells metal produced by PJSC MMK through its own distribution network comprising 27 regional offices in Russia and four warehouse facilities in Kazakhstan. Twice in the past two years, MMK Trading House was recognized as the winner at distribution networks awards in The Best Distribution Network by Growth Rate nomination organized by the Russian Metal Suppliers Union.

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 2016, the company produced 12.5 million tonnes of crude steel and 11.6 million tonnes of commercial steel products. MMK Group had sales in 2016 of USD 5,630 million and EBITDA of USD 1,956 million.

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