Ukraine: Electrostal idle in October 2019

In January-October Electrostal decreased continuous cast billet manufacture almost 4-fold YoY, to 73 thousand tons. In January-September output dropped 3.3-fold. Since then the company has not produced anything. In October the works was idle. In September 1 thousand tons of billets were produced, and then the company ceased operation due to unfavorable situation on metal…

Ukraine: Electrostal shut down

In September Electrostal produced 1 thousand tons of billets and once again shut down its manufacture because of the unfavorable market situation. In January-September output decreased 3.3-fold YoY, to 73 thousand tons. From January till mid-March the company was idle, but after it resumed operation it worked only at one third of its capacity, In…

Ukraine: Electrostal resumes operation

In March Electrostal (Kurakhovo, Donetsk region) resumed operation having produced 11 thousand tons of continuous cast billet. In January-March the enterprise was idle, while in Q1 2018 it produced 71 thousand tons of billets. The reason for the company downtime was the growth of ferrous scrap prices, which made billets manufacture unprofitable. In 2018 Electrostal…