The Ukrainian Metal

Russia: Tulachermet profits up in 2016

In 2016 Tulachermet increased its net profits 7.11-fold YoY, to 1.8 billion rubles.

According to the company statement, its income last year increased by 15%, to 34.57 billion rubles, with sales profits down by 30%, to 1.39 billion rubles.

Pig iron output last year went up by 7.4%, to 2.212 million tons. In May 2016 the company produced 202 thousand tons of pig iron, setting an absolute monthly record. (Ukrainian metal)

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