Magnitogorsk Iron and Steel Works (MMK) occupies the highest position among steel producers in the National Ratings of Procurement Transparency in 2017 in the “Private commercial buyers” category.
The awards ceremony for the highest rated organizations took place at Russian Chamber of Commerce and Industry in Moscow. Among the participants were representatives from state, regional, municipal, corporate, and commercial buyers. PJSC MMK placed third in the overall list out of 113 private commercial buyers and first place in the category of “High Transparency”.
The Transparency Ratings constitute a comparative analysis of the largest state and corporate entities, which is aimed at evaluating the current level of transparency and efficiency of procurement systems for players in the Russian market. The survey has been conducted annually since 2006. Its task is to formulate a complete picture of economic conditions, including the structure and volume of the buyer market, indicators of transparency of procedures, the degree of competitiveness of purchases and cost-effectiveness of costs for market participants. (MMK/Ukrainian metal)
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