In 2018 Novosibirsk Iron and Steel Works named after Kuzmin received 4.45 million rubles of net profit. In 2017 the company saw a net loss exceeding 100 million rubles. Revenue went up by 41%, to 8.76 billion rubles. Sales losses totaled 162 million rubles, down by 17%. (Ukrainian metal)
Novosibirsk Iron and Steel Works intends to modernize its pipe manufacture. “In 2018-2019 we will carry out an investment project to restructure pipe manufacture and purchase a pipe mill to replace outdated machinery, improve economic efficiency and increase pipe range”, the company said. Investments are expected to total $4 million. In 2017 NMZ increased revenue…