Russia: Krasniy Octyabr to fire employees

The authorities of the city of Volgograd have announced that they are preparing for the decrease of jobs at the Krasniy Octyabr Iron and Steel Works.

Since February 2018 some 177 employees will be fired.

Of them 11 are engineer-technicians, and 166 electrical engineers and gas and arc welders. (Ukrainian metal)

Russia: Krasniy Oktyabr constructing new processing line

The Volgograd Iron and Steel Works “Krasniy Oktyabr” is carrying out modernization of the manufacturing capacities at its rolled metal finishing shop. According to the company statement, a new metal processing line is being constructed there. The foundation for the PL-250 centerless turning machine and RL-250 two-roll straightener has been complete. The foundation will be…

Russia: Krasniy Octyabr output up in May 2017

In May Krasniy Octyabr Iron and Steel Works increased output.

According to the acting manufacturing director Sergey Marchenko, the output increase is connected with the installation of the new ABB transformer for arc furnace No. 5.

Brushed metal sales increased 2-fold YoY. (Ukrainian metal)