Russia: Tagmet modernizes pipe-rolling capacities

Taganrog Iron and Steel Works has finished modernizing its circular furnace and a pipe hot-rolling site in the pipe-rolling shop. In particular, the company has commissioned four new pipe threading machines, as well as upgraded one pipe threading and two coupling threading machines. Under a large-scale modernization program scheduled to be completed in 2021 Tagmet…

Russia: Tagmet improves steel billets manufacture

Taganrog Iron and Steel Works has mastered the non-stop changes of the tundish ladles at the site of the continuous casting of 400-mm diameter steel billets. This has allowed increasing daily output by 10%. Tagmet has been using the continuous casting technique since 2006. In 2013 it started implementing non-stop switching tundish ladles. Previously this…

Russia: Tagmet losses up in 2018

For the third year in a row Taganrog Iron and Steel Works has been receiving losses. Thus, in 2018 Tagmet net losses amounted to 2.139 billion rubles, up by 15% YoY. In 2017 the losses exceeded 1.86 billion rubles, and in 2016 – 885 million rubles. In 2012-2015 the company was seeing profit. Last year…