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…
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…
In January-July Electrostal produced 62 thousand tons of continuous cast billets, down 2.9-fold YoY. From January to mid-March the company was completely idle, and now is operating at only a third of its capacity. In July 10 thousand tons of billets were produced, in June – 14 thousand tons, in May – 10 thousand tons,…
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…
In January Electrostal in Donetsk region was still idle. In January 2018 the company produced 27 thousand tons of continuous cast billet. In December 2018 the company was also idle, but in November it produced 12 thousand tons of billets and in October – 33 thousand tons. The reason of such a situation is the…
Electrostal has been shut down. The reason is the economical inexpediency to produce continuous cast billet with the growing raw materials prices (scrap) and the drop of billet FOB export prices. In January-November Electrostal decreased continuous cast billet output by 27% YoY, to 289 thousand tons. In November the company produced 12 thousand tons of…
In January-July Electrostal (Donetsk region) produced 178 thousand tons of continuous cast billets, down by 27% YoY. In July the output totaled 33 thousand tons. Last year the company increased continuous cast billets manufacture by 34.54% YoY, to 437.729 thousand tons, of which 352.148 thousand tons were exported and the rest supplied to the domestic…
In April-June the Electrostal Metallurgical Works received net profit of 54.7 million rubles as opposed to 562 million rubles of net losses in Q1. Still, in half a year the company saw the net loss of 507.06 million rubles (158 million rubles of net profit in H1 2017). Revenue in 6 months dropped by 6%…