The arbitrary court of the Volgograd region decided not to review the claim of the tax service on declaring Volgograd Iron and Steel Works “Krasniy Octyabr” insolvent. The tax inspection wanted the works to be declared insolvent because of its tax debts. As of December 1, 2017 the company had a debt to the budget…
In 2017 Krasniy Octyabr Iron and Steel Works was busy modernizing its thermal and treatment machinery. At the same time the company started manufacturing new types of products. In particular, last year Krasniy Octyabr started producing cold-rolled sheet with the thickness of 0.8-3.5 mm and hot-rolled sheet of corrosion-resistant steel and heat-resistant chrome-nickel alloys. For…
Krasniy Octyabr Iron and Steel Works will assemble new equipment in its rolled metal treatment shop – two scalping machines PL 370 and PL 250, as well as the 2-roll straightening machine RLL 250. All the machinery is manufactured by Danieli (Italy). The new machines will replace old mills, increase output as well as process…
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)
In August Krasniy Octyabr produced 95% of the planned volumes of steel and 100% of rolled metal. The 1600-mill produced a record of cold-rolled sheet – 147 tons. The company has started manufacturing forged rods of large diameter of stainless steel. This month Krasniy Octyabr intends to produce 37413 tons of steel and 25090 tons…
In July Krasniy Octyabr Iron and Steel Works produced 31825 tons of steel, up by 9% from the plan, with rolled metal output up by 7%. Sales totaled 1.351 billion rubles. For the second time the works has produced bulk ingots of stainless steel – 6 ingots with the weight of 39.5 tons have been…
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…
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)