Krasny Oktyabr

Krasny Oktyabr presents renewed sheet cold rolling mill

On June 25th, the rolling plant of Volgograd Steel Works of Krasny Oktyabr launched an upgraded sheet cold rolling mill 1600. The opening ceremony was attended by the plant’s general director Valery Yavetsky, the deputy general director for sales Roman Modzgvrishvili, the chairman of the Industry and Commerce Committee of the Volgograd region’s Administration Roman Bekov, as well as representatives of the aviation and space industry - potential consumers of the new products of Krasny Oktyabr from Moscow, St. Petersburg, Kazan, Nizhny Novgorod, the Orel and Yaroslavl region, Kazan, Samara, Chelyabinsk and other Russian regions.

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Rostec doesn’t want legal battle with creditor of Krasny Oktyabr in London

State-owned corporation Rostec and company RT-Capital, controlled by it, have received the right to appeal the decision of the London court to put them as defendants on the suit of the London branch of the Austrian Erste Group Bank AG (Erste), one of the creditors of the bankrupt Volgograd metallurgical plant Krasny Oktyabr.
The Volgograd plant was granted a loan for $80 million in accordance with the contract dated 2007. One of the creditors was Erste, the court documents state. However, the terms of payment in the amount of 1.66 million expired in July 2009, the debtor didn’t fulfilled its obligations. Erste claims that this was made intentionally, in collusion between Rostec and other defendants, controlled by the state-owned corporation in order to deprive the borrower and the guarantor on the loan of assets and to announce their insolvency.

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Krasny Oktyabr puts electric furnace No7 on full-time operation

In the near future the Volgograd Metallurgical plant “Krasny Oktyabr” is about to switch the electric furnace No7 from double shift mode to twenty-four-hours operation. The project is aimed at the provision of the enterprise by nickel chrome stainless steel by low-tonnage lots.
“An annual project capacity of the electric furnace No7 makes up 10 000 tons. There started operation on the development of the infrastructure of the area of the furnace with the reconstruction of the main and auxiliary equipment.

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“Krasny Oktyabr” refuses from Zelezara Smederevo

The Serbian Iron-and-Steel plant Zelezara Smederevo, in which UralVagonZavod and “Krasny Oktyabr” were interested in within the period from 2012 to 2014, American Esmark Steel Group is to purchase. Russian investors have failed to agree with Serbia. Belgrade does not agree with the reduction of staff and termination of the blast furnace.
Esmark Europe B.V., a structure of the American Esmark Steel Group, has turned out to be the only claimant on the purchase of 80% shares of the Serbian metallurgical plant Zelezara Smeredevo, The Minister of Finance of Serbia, Dusan Vujovic asserted on January 9th (the plant is 100% state-owned). He hopes the agreement with the company will be signed before the end of January. According to the Serbian Blic, Esmark promised to invest $400 million into the plant before 2020. RIA Novosti stated, citing the head of the tender board, B.Bojkovic that two more proposals have not been considered because of non-observance of the terms of the tender.

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VMK “Krasny Oktyabr” to assemble new equipment at the metal-roll finishing workshop

New equipment, i.e. five 3-batches and hardening furnaces, will be assembled at the flat stock finishing workshop of the Volgograd metallurgical plant “Krasny Oktyabr”. Part of the equipment has already arrived, the press-service of the enterprise states.
“These furnaces mean high quality metal with mature mechanical characteristics for “Krasny Oktyabr”. The specialists of the plant started first assembly and wait for specialists of BOSIO (Slovenia), the supplier of the equipment, to carry out the installation. The assembly of equipment of the hardening shop and pre-commissioning procedures will start under their guidance. Trials start will take place in Q4, 2014,” is said in a plant paper of VMK.

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VMZ “Krasny Oktyabr” to resume production of cold-rolled sheet from stainless heat-resistant steel

The Volgograd Iron-and-Steel works “Krasny Oktyabr” will start manufacturing cold-rolled steel of up to 0.8 mm in thickness from stainless heat-resistant steel grades. The output of this product has been frozen for the last 20 years, the press-service of the company states.
Within the framework of the project, there will be repaired the mill “1600”. It was put in operation in 1947 and conserved in 1995. The repair operation has already started.

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Volgograd company Krasny Oktyabr wants to buy Zelezara Smederevo

Loss-making steel plant Zelezara Smederevo, which belongs to the Government of Serbia, continues to attract Russian investors. Following Uralvagonzavod, Krasny Oktyabr has been interested in the asset. But it offers to radically reduce production, keeping only capacities for special steels rolling. Analysts doubt that Belgrade will agree, as it will lead to layoffs.
The Volgograd metallurgical plant Krasny Oktyabr, which produces special steel, has applied for a tender for the sale of the Serbian steel plant Zelezara Smederevo (should be held in September), the company’s general director Dmitry Gerasimenko told the Kommersant. According to him, the plant exports about 30% of the 400 thousand tons per year to Europe, and the purchase of Zelezara will expand the range and increase its presence on the market. The plant has rolling mills for the production of flat cold-rolled and hot-rolled steel (over 50 thousand tons per month), they can be adapted for special steels rolling from Krasny Oktyabr’s billets. The Volgograd plant’s steel capacities can produce 60 thousand tons per month, not less than 20 thousand tons will be supplied to Zelezara. According to the top manager, this will reduce the costs in Russia.

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New owner invests 2.7 billion rubles in Zlatous electrometallurgical plant

The Volgograd metallurgical plant, Krasny Oktyabr has invested about 2.7 billion rubles into the Zlatous electrometallurgical plant (ZEMZ), the Kommersant reports with reference to the company's general director, Dmitry Gerasimenko.
"About 1.5 billion rubles were allocated for social payments - compensation for laid-off employees, as well as for the current staff. 1.2 billion rubles more were invested into current assets of the plant, "- said the head of the enterprise. Today, the complex ZEMZ is 100% loaded, the production of special steel makes up 6 thousand tons per month. The monthly cash turnover is 400-500 million rubles (excluding VAT).

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What tasks shall metallurgy be ready for?

There won’t be a sharp rise in the economy in the next few years. Nevertheless, perhaps, new long-term trends may appear on the Russian market by 2015-2016.
So, the priority for many Russian producers is the domestic market of rolled metal, the share of exports in the total output is reduced. The situation on the world market deteriorates for Russian steel companies, besides their foreign assets may be under threat of sanctions. Quite symptomatic can be called the recent statement of Severstal about possible sale of the remaining assets in the United States.

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Krasny Oktyabr reduces production costs in steel smelting

Volgograd metallurgical plant Krasny Oktyabr has launched an arc furnace №5 after overhaul. The furnace upgrade will have a significant impact on reduction of production costs for steelmaking and will help to realize goals of the plant’s environmental programs on decrease of emissions into the environment, the company’s press centre reports.

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