The Ukrainian Metal

Russia: GMZ to increase output

In 2017 Guryevsk Iron and Steel Works intends to produce 106.6 thousand tons of steel, up 1.9-fold YoY.

Rolled metal output is expected on the level of 134.5 thousand tons, up by 43.8%, and grinding balls – 60.7 thousand tons, up by 8.4%.

In Q1 the works earnings increased by 17.3% YoY, to 990.56 million rubles, with net loss up 3-fold, to 181.15 million rubles. (Ukrainian metal)

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