Tag Archives: Rostov Electrometallurgical Works

Russia: Rostov Electrometallurgical Works gets new owner

The property of Rostov Electrometallurgical Works has been sold at an auction. The new owner of the works is Novorossiysky Rolling Works. The property was sold for 6.5 billion rubles. The capacity of the Rostov enterprise is 0.73 million tons of steel and 0.53 million tons of rolled metal per year. (Ukrainian metal)

Russia: REMZ fined for scrap

The Arbitrary court of Rostov region has satisfied the claim of Level LLC to Rostov Electrometallurgical Works LLC on the reclamation of 25.9 million rubles. According to the agreement between the companies Level supplied 27.2 million rubles worth of scrap, but because of the untimely payment further deliveries were not carried out, while the buyer…