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Print[Ferro-Alloys.com] Mechel PAO (MOEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, reports launching an upgraded furnace at Bratsk Ferroalloy Plant. The upgrade boosted the ferroalloy ore-smelting furnace’s capacity from 25 MVA to 33 MVA. This will enable the plant to increase the furnace’s output by 40%. Investment totaled approximately 1.1 billion rubles.
Erdos Group released its 2019 annual report on 15, April, 2020. In 2019, Erdos had an operating income of 22.79 billion yuan, and its net profit attributable to shareholders was 1.341 billion yuan, an increase of 40.74% year on year. The total assets of the group reached 48.35 billion yuan, an increase of 5.41% year on year.
Through 2019, the output of ferrosilicon of the group was 1.5876 million tons, and the output of Silicomanganese was 332.2 thousand tons.
Click here for more information: Ferrosilicon Daily Express 4.17
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