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)
On March 20, after an overhaul the Volgograd Iron and Steel Works “Krasniy Oktyabr” put into operation its arc-furnace No. 5. The furnace was halted for repairs in September 2016. The outdated transformer machinery was disassembled and the new transformer by ABB Transformer AB (Sweden) assembled in the furnace. The repair will improve the furnace…
Alexander Bondarev, a member of arbitrary managers of the Central Federal District, has been appointed the new temporary manager of the Krasniy Octyabr Iron and Steel Works. On August 30, 2016 the Arbitrary Court of the Volgograd region following the claim of Alfa-Bank initiated the bankruptcy procedure at the works. The court did not disclose…