Mechel metal trader boosts sales 6% in 2016
MOSCOW. Jan 23 (Interfax) - LLC Mechel-Service, the metal trading company of Mechel group, increased sales of metal products by 6% to 1.9 million tonnes in 2016, a company statement said.
In particular, sales of fittings rose by 6%, beams - by 24%, strips - 31%, metalware - 5%, structural steel - 6%, and stainless steel - 8%. Pipe sales grew the most, by 45%.
The company said that sales growth in 2016 was made possible by optimizing logistics chains and selected openings of new warehouses in regions with stable demand for rolled metal products. Mechel's subsidiary plans to open new divisions in a number of cities in 2017.
Mechel Service is a service and distribution network selling products from Mechel group's metallurgical plants on the Russian market. It is part of Mechel's metallurgical division managed by Mechel Steel.