In 2013, Asha metal works increased net loss by 10 times

In 2013, the Asha metal works increased net loss by 10.5 times to 755.5 million rubles. The reasons for the loss were toughening of competition at the Russian steel market due to the common-global tendency of the reduction in metal items consumption,  areduction in average sales price and the sales due to the limited volume of the internal market, and the  reduction in investment activity of the consumers, the growth in natural monopolies services including electricity and gas, the negative difference in currency exchange in connection with the growth in Euro rate for currency loans raised for the reconstruction of the steel rolling shop.