To avoid future risks of growing raw metal prices Novaem Group (established last year by Sibenergomash and Trubmash)
has bought an idle metallurgical plant and negotiates buying another one. Novaem intends to start cast iron production delivering to its own suppliers, tube-rolling mills.
The plant already bought is Alapayevsk Metallurgical Works, and the one under negotiation is Sinechikhinsk Metallurgical Works.