You are here: Home > Steel News > Latest Steel News > Slovenia’s...

Slovenia’s Metal Ravne posts positive financial results for 2011

Friday, 17 February 2012 15:37:26 (GMT+3)   |  
       

Slovenia-based long special steel producer Metal Ravne, subsidiary of Slovenian Steel Group (SIJ), has announced that in 2011 its sales revenue reached €168 million, while its net profit totaled €9.1 million, which is about 2.5 times the 2010 figure.

Last year, Metal Ravne's ingot output increased by 10 percent year on year to 118,000 mt.

SIJ group, operating in Slovenia, is owned by the Russian firm Industrial Metallurgical Holding Management Company and also incorporates Slovenian stainless steel producer Acroni, which recently estimated its net profit in 2011 at €7-8 million.


Similar articles

India’s SMEL commences production of stainless steel rebars

02 Oct | Steel News

EU’s HRC import quotas for some “other countries” exhausted in new period

02 Oct | Steel News

Turkey fills EU quotas for wire rod, hollow sections, railway steel

03 Jul | Steel News

Acerinox’s long steel subsidiary ceases operations due to strike

05 Jun | Steel News

EU’s wire rod and HS import quotas for Turkey exhausted

17 May | Steel News

EU’s HRC and wire rod import quotas allocated for other countries exhausted in new period

03 Jan | Steel News

EU to allocate TRQs for five products from UK to N. Ireland

08 Nov | Steel News

Russia’s stainless steel imports up 4.6 percent in July from June

24 Aug | Steel News

Finland’s Outokumpu completes exit from longs business via divestment

02 Aug | Steel News

EU’s import quotas for some products about to be exhausted, especially for HRC

26 Jul | Steel News