Metalloinvest’s subsidiary, Ural Steel, has produced 2,040mt of large castings in the first three months of the year against an initially planned total of 975mt.
Since 2016, the company has produced close to 2000 large castings with a total volume of 26,000mt it stated.
This increase in production was mainly because of growing demand from main customers in Russia, Kazakhstan, Bulgaria and product range expansion, the company said in a statement. This increased production was enough for international and domestic demand and cost less than a third of the external purchase price.
Additionally, the company has also received orders from ZMI-Ural and New Technologies- Engineering Centre for producing foundry equipment to cast 125mt of slab for the latter firm.