Russia: Tulachermet to produce wire rod

The Tulachermet-Steel casting and rolling complex, to be commissioned by the end of the year, will produce rolled metal for the manufacture of metal wares. At present Russia imports some 530 thousand tons of metal wares per year, with 60% – from China. Tulachermet-Steel will produce steel and rolled metal of high quality. And many…

Russia: Tulachermet to get special crane

Following the construction of a ladle crane for Evraz ZSMK, Uralmashzavod is working on a special crane for Tulachermet.

The machinery will be used at the new iron and steel works being built in the city of Tula.

For Tulachermet-Steel Uralmashzavod has already produced 10 cranes. (Ukrainian metal)

Russia: Tulachermet turns profitless

The largest pig iron manufacturer in Russia – Tulachermet – in January-June received 896 million rubles of net losses against 147 million rubles of net profit in H1 2016. Sales income increased 2-fold, to 23.44 billion rubles. In Q2 the company received 427 million rubles of net losses. Earnings in Q2 increased by 14% QoQ,…

Russia: Tulachermet to repair BF3

Tulachermet is getting ready for the capital repairs of its blast furnace No. 3.

The repairs will start on July 20 and end in 20 days.

The supplier of the refractory concrete has already been chosen, as the overhaul presupposes the restoration of the BF3 shaft lining. (Ukrainian metal)

Russia: Tulachermet borrows from Alfa-bank

The largest pig iron manufacturer of Russia – Tulachermet – has signed an 8-billion rubles loan agreement with Alfa-bank for 3 years. The money will be spent to refinance the company current debts. “Alfa-bank has offered good conditions, thanks to which we have been able to optimize the structure of our loan portfolio”, the Promyshlenno-metallurgichecskiy…

Russia: Tulachermet gets losses in Q1 2017

In January-March the largest pig iron manufacturer of Russia – Tulachermet – received 469.2 million rubles of net losses against the net profit of 147 million rubles in Q1 2016. According to the company statement, its income increased by 53%, to 10.966 billion rubles, sales losses totaled 1.14 billion rubles. In September Tulachermet will put…