Chelyabinsk Metallurgical Plant awarded the title of one of the best suppliers in MoscowMoscow, Russia - March 26, 2021 - Mechel Group (MOEX: MTLR, NYSE: MTL), a leading Russian mining and a metallurgical company, announces that PJSC Chelyabinsk Metallurgical Plant (part of the Mechel Group) has been awarded the title of Supplier to the Government of Moscow in the Development of Transport Infrastructure nomination based on the results of work in the capital's procurement market.
Solemn the award ceremony took place at the all-Russian forum and exhibition "Goszakaz". The title laureates were awarded by Ivan Shcherbakov, Head of the Moscow City Department of Competition Policy. The Evaluation Committee noted the work of the Chelyabinsk Metallurgical Plant (CHMK) within the framework of contracts with the Moscow Metro State Unitary Enterprise. In 2020, the company supplied 17.4 thousand tons of rails for the repair and modernization of the Moscow metro lines. ChMK's rail products have excellent operational properties; a unique technology for Russia is used for their production - rail hardening in an organic polymer. ChMK's rails are also used in the construction of the Big Circle Line (BCL) railway track. The title "Supplier to the Moscow Government" is annually awarded to companies that faithfully fulfill their obligations in the capital's procurement market. In 2020, the Moscow Government awarded 24 companies. Nominees are selected based on the number and total cost of completed orders, the absence of fines and sanctions, and compliance with the deadlines for fulfilling contracts. We take into account the reputation of companies in the procurement market, professional experience. “We are honored to be awarded the title of the best supplier in Moscow. This is a high assessment of the fulfillment of our contractual obligations for the supply of modern rails for the Moscow metro. We are very glad that with our help the transport infrastructure of the capital is being developed, modern routes are emerging, new lines are being built. Our goal is to maintain this high rank in the future, ”said Andrey Ponomarev, General Director of Mechel-Steel Management Company. *** Mechel PAO Ekaterina Videman Tel .: +7-495-221-88-88ekaterina.videman@mechel .com *** Mechel is a global mining and metals company. The company's products are supplied to Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore, steel, rolled products, ferroalloys, heat and electricity. All enterprises operate in a single production chain: from raw materials to high value-added products. *** Certain statements in this press release may contain assumptions or forecasts regarding upcoming events or future financial performance of Mechel PAO in accordance with the provisions of the Legislation US Securities Litigation Reform of 1995. We would like to warn you that these statements are only assumptions, and the actual course of events or results may differ materially from those stated. We do not intend to revise or update these statements. We refer you to the documents that Mechel periodically submits to the US Securities and Exchange Commission, including the Annual Report on Form 20-F. These documents contain and describe important factors, including those identified in the "Risk Factors" section and "Note on the forecasts contained in this document" in Form 20-F. These factors could cause material differences between actual results and our assumptions and forecasts regarding upcoming events, including but not limited to achieving the anticipated level of profitability, growth, cost and effectiveness of our recent acquisitions, the impact of competitive pricing, the ability to obtain the necessary regulatory approvals and confirmations. the state of the Russian economy, the political and legal environment, volatility in stock markets or the value of our shares or ADRs, financial risk management and the impact of the general business situation and global economic conditions.ALL news [/i]