Serov Metallurgical Plant’s output at pre-recession level
13 May 2011 (10:12)
A.K. Serov Metallurgical Plant (UMMC ferrous metallurgy division) made 148m RUR worth of net profit in 2010 against 1.7bn RUR worth of losses in the year 2009.
In terms of output, the company produced 477,000 tons of rolled metal stock and calibrated steel, which was 30% better than in the year 2009, but still 12% lower than what the plant achieved before the recession, in 2007 (535,900 tons).
At the same time, UMMC press service reports that, despite all the positive changes occurring in 2010, the retail rolled metal stock prices went up more slowly than the raw materials prices and those for the services of natural monopolies. For one, natural gas grew 20.3% more expensive, electric power price increased by 17.1%, and the cost of railway fare rose by 9.4% last year.
In terms of output, the company produced 477,000 tons of rolled metal stock and calibrated steel, which was 30% better than in the year 2009, but still 12% lower than what the plant achieved before the recession, in 2007 (535,900 tons).
At the same time, UMMC press service reports that, despite all the positive changes occurring in 2010, the retail rolled metal stock prices went up more slowly than the raw materials prices and those for the services of natural monopolies. For one, natural gas grew 20.3% more expensive, electric power price increased by 17.1%, and the cost of railway fare rose by 9.4% last year.
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