Izhstal PAO (part of Mechel Group, MOEX: IGST) in 2017 increased output of high value-added products year-on-year.
Izhstal PAO (part of Mechel Group, MOEX: IGST) in 2017 implemented an environment protection program with cost totaling over 76 million rubles.
Experts at Izhstal (part of Mechel Group, MOEX: IGST) completed the overhaul of the plant’s bar and wire rolling mill 250. The works were completed as scheduled. The mill is a key facility for the plant and responsible for approximately 45% of the plant’s output of finished rolls.
Moscow, Russia – December 21, 2017 – Mechel PAO (MOEX: MTLR; NYSE: MTL), one of the leading Russian mining and metals companies, reports that Mechel Group’s Izhstal PAO and State Specialized Russian Export-Import Bank (joint-stock company) (Eximbank of Russia) (part of the Russian Export Center) signed a loan agreement for financing high-technology product manufacturing for export contracts.
Izhstal (part of Mechel Group) mastered the technology of smelting stainless nitrogen-alloyed steel at extra-furnace processing facilities.
Izhstal (part of Mechel Group) won third place in the Leaders in Labor Efficiency Growth in Russia’s Steelmaking nomination of the All-Russian Labor Efficiency: Russian Industry Leaders award. In 2016 Izhstal’s labor efficiency amounted to 5.35 million rubles per person, which is 52% more than in the previous year.
Izhstal (part of Mechel Group) shipped some 10,000 tonnes of steel products to the Republic of Belarus’s major industrial companies over this year’s first nine months, which is 10% more year-on-year.