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Metalloinvest and OMK summed up their cooperation results for 2017

Steel News - Published on Thu, 28 Dec 2017

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Metalloinvest and the United Metallurgical Company held a Coordination Committee meeting dedicated to their performance in 2017 and next year planning. The meeting held at JSC Ural Steel (part of Metalloinvest) was attended by Andrey Prosyanik, the domestic sales director of MC Metalloinvest, Evgeny Maslov, the managing director of JSC Ural Steel, Pavel Stepanov, the director of engineering and technical center of JSC Vyksa Steel Works (VSW), Ivan Monakhov, OMK’s chief analyst and other representatives of the companies.

The Coordinating Committee members discussed a number of commercial, technical, and operational issues. They considered, in particular, industrial deliveries of different products to VSW, such as 455 mm round cast billets, and flat products with higher quality properties designed for production of large diameter pipes. The Committee also discussed some prospects of partnership development between the companies.

Mr Andrey Prosyanik, the domestic sales director of MC Metalloinvest said that "Our long-standing cooperation with OMK is an example of mutually beneficial cooperation of steel mills. We highly appreciate this relationship and seek respond in a flexible manner to the requests of our strategic partners, ensuring manufacturing of products which meet their requirements."

Mr Dmitry Chernyshev head of the assets development and investments department of OMK said that "Partnership with Metalloinvest demonstrates effective cooperation in the area of quality improvement and development of new types of products.”

As a result of the meeting, the parties agreed on implementing the agreements reached during the three-day work. In particular, agreements on volumes, logistics and reclamations during supply of metal products were entered into. The next Coordination Committee meeting is planned for March 2018 with VMZ hosting the meeting.

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Posted By : Nanda Koijam on Thu, 28 Dec 2017
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