Plant UMC cut steel production

Chusovsky metallurgical plant in the I quarter of 2011 compared with the same period of 2010 reduced the volume of steel production by 21.6% to 36.7 thousand tons. On it informs "Metal Supply and Sales". According to the results of April the company produced 14 thousand tons of metal, which is by 13,9% compared with April last year. Recall that Chusovsky metallurgical plant in the I quarter of 2011 was a net loss amounting to 362 million rubles. Compared with the previous quarter loss of business decreased by 10%. At the same time, CMP revenues increased by 16%. Previously reported that the JSC Metallurgical Investment Company became part of shareholders Chusovoy Metallurgical Plant. Metallurgical Investment Company became the owner of 10.13% of ordinary shares. Previously, company was not a shareholder of CMW. CMW part of United Metallurgical Company. The company produces pig iron, sinter, ferrovanadium, rolling, leaf springs for cars. 2009 CMP finished with a loss of $ 2 billion rubles. (65.5 million dollars) against profit of 484 million rubles. (15.8 million dollars) a year earlier. Ministry of Industry