Torex-Khabarovsk, the owner of the only steel producer in Russia’s Far East Amurmetal, and Hong Kong company Debang Guangdong International signed a letter of intent to create a metals cluster basing on capacities of Amurmetal, the Far East Development Ministry said in a statement on January 9. “The sides plan to start implementation of the…
In 2018 Amurmetal intends to produce 1 million tons of metal. “This year we have produced 180 thousand tons of metal. The goal for the next year is 1 million tons”, Torex executive director Sergey Zyubr declared. He has also announced the modernization of the bar shop, which will begin on February 1, 2018. The…
In just three months after Amurmetal resumed operation (the works has been idle for half a year) it has already produces 72.5 thousand tons of continuous-cast billets. Now the main task is to reach the scheduled capacity of 800 thousand tons of liquid steel per year. Later it would be possible to increase output to…
Amurmetal, which resumed operation in late July, exports over 60% of its products to the Southeast Asia. “We deliver to Thailand, the Philippines, and Korea, which don’t have large steel capacities because of the lack of energy resources, but do have rolling manufacture. We supply our steel billets there, they roll them and sell locally…
The Amurmetal plant, the only metallurgical facility in Russia’s Far East, that resumed operations in late July after a 6-month shutdown, has launched exports to Asia, the Far East Development Ministry said quoting Vladimir Lebedev, CEO of Torex-Khabarovsk, a resident of the Khabarovsk priority development area, on August 18. “Over 60% of the products is…
The Amurmetal plant, the only metallurgical facility in Russia’s Far East, resumed operations in late July after a 6-month shutdown to produce 30,000 tons of steel, the Far East Development Ministry said quoting Vladimir Lebedev, CEO of Torex-Khabarovsk, a resident of the Khabarovsk priority development area. “Torex bought the facility in late January to become…
Amurmetall, the only steel producer in Russia’s Far East, has restarted production of steel after a six-month break, the government of the Khabarovsk region, where the plant is located, said in a statement on July 31. Amurmetall has been undergoing bankruptcy management since 2013. In 2015, the plant was put to auction at a price…
In January-March Amurmetal received 897.855 million rubles of net losses, down by 17.1% YoY. According to the company report, earnings dropped 12.6-fold, to 133.684 million rubles. In Q1 Amurmetal decreased steel output 6.5-fold YoY, to 13.57 thousand tons, and rolled metal – 8.8-fold, to 2.4 thousand tons. (Ukrainian metal)