Amurmetal suspended production
Edited by Rhod Mackenzie / 2013-06-19 06:43:58
The only electrometallurgical plant in the Far East Amurmetal of 2 million tons of steel production per year has ceased production because of a lending stop by Vnesheconombank, the enterprise stated. According to a representative of the plant, they have not got financing for about 15 months, while the prices on the domestic and export markets were lower the cost of production.
The loss because of low loading made up 496 million roubles in January-May 2013, Amurmetal stated.
