Ural Steel focuses on modernization and development with 150 billion ruble investment

Production Modernization and New Technologies

The investment program includes the modernization of steel production processes and the integration of new technologies. This scope covers the commissioning of twin edge trimming shears, the modernization of steel production facilities, and the construction of new pipe and wheel rolling shops. These steps aim to increase production efficiency and improve product quality.

Social Responsibility and Employee Investment

Ural Steel, acting with a sense of social responsibility, aims to improve the living conditions of its employees. In this context, a modern residential complex will be built in Novotroitsk, and the existing corporate housing program will continue. These investments aim to increase employee loyalty and enhance living standards in the region.

Market Dynamics and Future Expectations

Russia’s steel sector experienced a 7% decline in production in 2024. Nevertheless, companies like Ural Steel managed to increase their output. These investments aim to strengthen the company’s competitiveness and expand its market share. In addition, investments in green technologies are expected to increase in the coming years.