Russia: Tagmet losses down in 2019

In 2019, Taganrog Iron and Steel Works decreased losses by 800 million rubles, to 1.3 billion rubles. In 2018, losses amounted to 2.1 billion rubles. At the same time, revenue also dropped. While in 2018 it was 43.8 billion rubles, last year it constituted 43.5 billion rubles. (Ukrainian metal)

Russia: Tagmet net loss down in Q3 2017

In Q3 Taganrog Iron and Steel Works received the net loss of 36.8 million rubles. In Q2 the net loss was 357 million rubles. And in Q3 2016 – 635 million rubles. In January-September Tagmet received 452 million rubles of losses, down from 962 million rubles in January-September 2016. Tagmet revenue in Q3 increased by…

Russia: TAGMET finishes PQF mill repairs

The pipe-rolling shop of Taganrog Iron and Steel Works has completed the scheduled modernization and repair of the PQF mill, which produces seamless hot-deformed pipes. The repair will result in the decrease of maintenance time and quality improvement. For the first time since the mill has been put in operation the company has replaced beams…

Russia: Tagmet losses up in Q2 2017

In Q2 Taganrog Metal Works received 357.1 million of net losses, up from 58 million rubles in Q1. The combined losses of the company in H1 total 415 million rubles, up from 328 million rubles in H1 2016. In Q2 Tagmet revenue dropped by 9% QoQ, to 8.4 billion rubles. The combined revenue in H1…

Russia: Rostov region government visits Tagmet

The Taganrog Iron and Steel Works, a part of TMK, has been visited by the Rostov region deputy governor on industry development, energy and transport Vladimir Krupin and the first deputy minister of industry and energy of the region Andrei Savelyev. Together with the managing director Sergey Bilan they have visited the arc-furnace and pipe-rolling…