Torex-Khabarovsk LLC, managing the Amurstal works, intends in 2020 to start modernization of the manufacture with investments at 7.5 billion rubles. The modernization is necessary due to the underloading of capacities by more than 50% because of the shortage of scrap. After modernization the works capacity will grow 3.3-fold, from 900 thousand tons per year…
TOREX, owner of Amurstal in Komsomolsk-on-Amur, hopes to get a subsidy from the federal budget. The Ministry of industry and trade intends to provide major enterprises with support. The company plans to spend money to clear interest rate on loans, thus decreasing them by 4.5%. At present the ministry is choosing companies to participate in…
In January-February Amurstal shipped 121.7 thousand tons of metal via railroad, up from 106 thousand tons as planned.
Sales grew both to the local market and abroad.
According to the company CEO Sergey Kuznetsov, Amurstal can increase output to 80-85 thousand tons of metal per month, thus reaching 1 million tons per year. (Ukrainian metal)
In December 2018 Amurstal received 59 thousand tons of ferrous scrap via railroad.
This is up from 10.3 thousand tons in December 2017.
In January-December 2018 the company received 548.7 thousand tons of scrap, up 6.2-fold YoY.
This is also the highest result in the past 3 years. (Ukrainian metal)
Amurstal CEO Sergey Kuznetsov said that this year the company annual output target had been fulfilled – 650 thousand tons had been produced. Next year the plant intends to produce 1 million tons. Earlier media reported that Amurstal might be purchased by Chinese investors. But the CEO refuted such reports, saying there were no negotiations…
In September railroad sales of steel from Amurstal totaled 55.1 thousand tons, up 2.6-fold YoY.
In January-September sales grew 5.2-fold, to 406.5 thousand tons.
This year Russian customers received 138.2 thousand tons, while 268.3 thousand tons were exported. (Ukrainian metal)
In August Amurstal shipped 63.1 thousand tons of steel via railroad, up 2.6-fold YoY. Moreover, this year sales have been growing each month, resulting in August seeing the highest sales since April 2015. In January-August the company sold 351.4 thousand tons of metal, up 6.4-fold YoY. The annual result of the previous year has been…
In July Amurstal (ex-Amurmetal) shipped 61 thousand tons of metal, up 6-fold YoY.
In January-July sales increased 9.4-fold YoY, to 288.3 thousand tons.
This year the company has supplied 95.2 thousand tons of metal to domestic customers and exported 193 thousand tons. (Ukrainian metal)
In July railroad deliveries of scrap to Amurstal (ex-Amurmetal) totaled 68.2 thousand tons.
The deliveries grew 30-fold YoY.
In January-July scrap deliveries to the company increased almost 6-fold YoY, to 292 thousand tons. (Ukrainian metal)
Torex, owner of Amurstal, and Posco Daewoo Corporation have signed a memorandum on deliveries. By the end of the year Amurstal will have additionally exported 300 thousand tons of steel billets to South Korea. South-Eastern Asia countries account for 60% of the company sales, with 40% supplied to the domestic market. The company employs 3…