Electrostal has been shut down.
The reason is the economical inexpediency to produce continuous cast billet with the growing raw materials prices (scrap) and the drop of billet FOB export prices.
In January-November Electrostal decreased continuous cast billet output by 27% YoY, to 289 thousand tons.
In November the company produced 12 thousand tons of billet, down from 33 thousand tons in October. (Ukrainian metal)
