In March Tula-Steel expects to decrease rebars output and sales.
This is explained by higher profits from the sales of pig iron and steel billets, as well as the transfer of scheduled blast furnace No. 3 repair at Tulachermet from April to March.
“With the launch of Tula-Steel, PMH has become more flexible – we can sell pig iron in powder or liquid form. The drastic decrease of rebars prices in late 2019 resulted in its manufacture profitability dropping to the minimum level. At the same time, the profits of steel billets and pig iron exports are growing”, PMH vice president on sales Dmitriy Starikov reported. (Ukrainian metal)