9,350.01 TRY BIST 100 BIST 100
39.39 USD USD USD
5.52 CNY CNY CNY
45.60 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
44.10 TRY Interest Interest
73.88 USD Fossil Oil Fossil Oil
46.12 USD Silver Silver
4.81 USD Copper Copper
94.27 USD Iron Ore Iron Ore
328.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,296.29 TRY Gold (gr) Gold (gr)

Amurstal metallurgical plant to increase rolled metal production by 20%

Amurstal Metallurgical Plant in Komsomolsk-on-Amur aims to increase rolled metal production by 20%. This important development was announced by the region's Minister of Industry and Trade Evgeny Romanov on the sidelines of the Eastern Economic Forum.

Amurstal metallurgical plant to increase rolled metal production by 20%

The various sessions of the forum addressed issues such as preserving the country's technological sovereignty and strengthening interregional and intersectoral cooperation.

Minister Romanov announced that Amurstal LLC plans to sign new export contracts and expand the supply of metal products for the domestic market in the future. According to current forecasts, in 2023 the production of rolled ferrous metal is expected to reach about 120% of the 2022 level (about 850 thousand tons).

The company's main foreign markets have traditionally been Southeast Asian countries. The Minister reported that the volume of sales of steel billets for export in the first half of 2023 increased 1.7 times compared to the previous year (257 thousand tons). At the same time, the company is working on the production of high value-added products with a greater focus on the Russian domestic market, trying to gain resistance to the conditions of sanctions pressure.

Modernization work is underway at the plant to increase the production volume of long products and improve the quality of finished products. For these purposes, access to specialized sources of financing through the Regional Industrial Development Fund is being explored.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Emsteel receives high sustainability rating from MSCI

Tuesday, June 17, 2025

British Steel signs GBP 500 million rail deal

Tuesday, June 17, 2025

Two tankers collide near the Strait of Hormuz, large fire erupts

Tuesday, June 17, 2025

Krakatau Steel allocates 500 hectares for Delong

Tuesday, June 17, 2025

US and UK sign trade deal at G7 Summit

Tuesday, June 17, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now