In Q1 of the current year, VIZ-Stal Ltd., a leading producer of cold rolled electrical steel and Russia's largest producer of grain-oriented steel, saw its net profit fall by 14 percent compared to Q4 2010. However, in the second quarter the company plans to improve its financial and operational results amid the rising volume of orders and increasing prices for its products.
In Q1, VIZ-Stal Ltd. increased its production of transformer steel by 55 percent compared to the same period of last year, to 42,000 mt.