Magnitogorsk Iron and Steel Works (MMK) was named the best exporter of high technology products among enterprises in the Urals Federal region of Russia. The winners of the 'Exporter of the Year' awards were announced as part of the Global Manufacturing & Industrialisation Summit 2019, held from 9-11 July in Yekaterinburg.
MMK won the regional stage of the competition in the 'Big Business' category and qualified for the final, where they will compete for the national title 'Best Russian Exporter'. The Russian 'Exporter of the Year' award in the field of international cooperation and exports was created by the Russian government and organised directly by the Russian Export Centre (part of the Russian VEB Group).
MMK products are sold in almost 50 countries across the globe: the main exports markets are South-East Asia and countries in the Mediterranean. In 2018, the plant's foreign exports amounted to around 2.4 million tonnes. Another 1.3 million tonnes were shipped to the CIS countries, which is traditionally one of MMK's priority markets along with the Russian domestic market. In the recent ranking of the largest exporters in the Urals and Western Siberia, 'Urals Export: Top 100', MMK Group took third place.
The high quality of products, the wide range of products, which is the widest among the CIS countries, consistent improvement work on the sales system and increases in delivery efficiency, all helped MMK maintain its position in the export markets. In addition, MMK's array of manufactured plant products are the only export products that are tailored to the requirements and specific conditions of a country. MMK's successful work in global markets is also facilitated by the development of a wide range of innovative products with enhanced consumer characteristics, such as the MAGSTRONG brand of high-strength wear-resistant and structural steels.
The final results of the 'Exporter of the Year' awards will be announced on 14 November 2019 in Moscow as part of the International Export Forum 'Made 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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