UrBC, Magnitogorsk, Chelyabinsk Region, October 16, 2015. Magnitogorsk Iron & Steel Works/MMK has won in the international Best Risk Management Contest as the Best Risk Management Program for the second time this year. 'The plant presented a report on how risk assessment affects the achievement of a company's goals. At the core of our analysis is mathematical modeling of how identified and described risks of varying degrees affect MMK's business processes. The simulated outcomes make it possible to determine which particular risks turn out to affect the processes most and,

UrBC, Magnitogorsk, Chelyabinsk Region, October 16, 2015. Magnitogorsk Iron & Steel Works/MMK is now manufacturing a new kind of steel (12HN), to be used for making section iron, the company reports. The plant's Mill 370 is used to make hot-rolled billets that meet the GOST 2590-2006/GOST 10702-78 standards. These are then directed to MMK METIZ (part of MMK Group) and, following some treatment, to the end users. Hot-rolled products made of 12HN steel prove very popular with the machine-building enterprises. The company also started making new, 35HGSA steel this year in an effort to

UrBC, Yekaterinburg, October 16, 2015. Sverdlovsk Region’s industrial production index went down by 4.7% in September 2015 compared with August 2015, Sverdlovskstat reports. The index also dropped by 15.9% compared with September 2014 and by 4.6% in January-September 2015 compared with January-September 2014. The index dropped by 2.2% for the processing industries last month (by 15.9% compared with a year earlier). Their index for January-September 2015 declined by 3.2% compared with January-September 2014. Also, the industrial production index went up by 8% in the production and distribution

UrBC, Yekaterinburg, October 16, 2015. Sverdlovsk Region division of Federal Tax Service inspected 2,636 cash tills in the area in nine months of the year, their press service reports. 2,045 cases related to compliance with till operation rules, 386 to accuracy of receipt-recording, and 165 to use of special-purpose bank accounts. Tax authorities determined there were legal violations in 96% of all cases. 15.67m RUR worth of fines were imposed on the people and companies in charge, with 12.32m RUR paid to the budget. There are currently 81,657 cash tills registered in Sverdlovsk Region.

UrBC, Yekaterinburg, October 16, 2015. The average price of a square meter of housing on Yekaterinburg existing home market currently comes to 72,161 RUR, down 5.3% on the start of the year, President of Ural Chamber of Real Estate Eduard Bogdanov reports. ‘We can see prices growing down gradually in all the market segments. At the same time, the market supply is still at its record high. There are currently nearly 11,500 apartments offered for sale in our database, as well as 1,800 rooms in communal apartments. This is not a very good picture to look at. On the other hand people’s incomes

UrBC, Yekaterinburg, October 16, 2015. The company website of Pipe Metallurgical Company/TMK www.tmk-group.com was named Steel Industry Website of the Year. According to the company press service, the website won in one of Steelie Awards categories; the contest is coordinated by the World Steel Association. The awarding ceremony took place at the Association’s 49th conference in Chicago, U.S.A. The award was received on the company’s behalf by BOD Chair of TMK IPSCO (TMK’s U.S. division) Petr Golitzin. The World Steel Association is one of the largest and fastest-growing industrial

UrBC, Omsk, October 16, 2015. Omsktransmash (a member enterprise of Ural Vagon Zavod Corporation) hosted a Transmash OBORONPROF conference to elect chairs of the company’s trade union, the corporation’s press service reports. Viktor Kurochkin was re-elected Chair for the next five years. Kurochkin said in his report on the trade union’s performance in 2010-2015 that the organization managed to ensure cooperation with the plant’s management in many aspects. As a result, Omsktransmash won the first prize in the 11th Best Social Partnership Enterprise in 2014. A number of committees were set up