ChelPipe Group’s META To Set Up 20 Scrap Metal Depots

21 March 2018 (11:00)

UrBC, Yekaterinburg, March 21, 2018. ChelPipe Group’s scrap metal-collecting asset META came up with a performance report for 2017.

‘META sold 1.32m tons of ferrous and non-ferrous scrap metal last year, which was 2.5% less than in the year 2016 (1.45m tons). These sales figures included 829,000 tons of scrap metal collected from the Group’s own enterprises (up 69,000 tons on a year earlier) and 491,000 tons of transit scrap metal,’ ChelPipe Group’s press service reports.

Among the Group’s daughter companies, Vtorchermet, META Chelyabinbsk, META Yekaterinburg, and META Perm managed to raise their scrap metal output more successfully than other member enterprises (up by 30,700 tons, 27,200 tons, 34,100 tons, and 800 tons, respectively).

In the second half of 2017, the company also set up daughter enterprises META Surgut (3,300 tons of ferrous and non-ferrous scrap metal), META Center (1,000 tons of non-ferrous scrap metal), and META SeveroZapad (1,100 tons of non-ferrous scrap metal). META also started making high-pressure hoses and doing drilling jobs.

‘Scrap metal prices rose to the record-setting RUR 17,200 per 1,000 kg in September 2017. META also managed to sell 41% (10,000,000 kg) more of high-margin non-ferrous and alloyed scrap metal stuffs,’ says META Director-General Andrei Pavlov.

The companha intends to set up twenty more scrap metal depots in 2018 as well as to renew its fleet of special-purpose vehicles and buy new scrap metal-processing equipment.

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