In the first month of 2011, Russian steel producer Ashinskiy Metallurgical Works registered an increase of 20.7 percent year on year in the value of its steel product output, to about Ruble 1.185 billion (about $40.5 million), exceeding its target by almost 12 percent.
In January, Ashinskiy produced 52,400 mt of steel, including 52,022 mt of slabs. In addition the steelmaker produced 48,291 mt of rolled steel products in the month in question.
Ashinskiy's Janaury sales of steel plates increased by 3.2 percent year on year to 45,300 mt. Of this figure, 38,361 mt of plates were delivered to the Russian domestic market - up 26 percent year on year, about 3,568 mt were exported to non-CIS countries, with more than 1,000 mt were delivered to CIS countries.