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OMK Sets Record for Train Wheels in 2019

Steel News - Published on Thu, 27 Feb 2020

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United Metallurgical Company OMK subsidiary Vyksa Steel Works in Nizhniy Novgorod Region has increased train wheel production in 2019. At the end of the year, the total number of wheels produced was 951,000 which is up 11% with respect to 860,000 in 2018. This is the highest number yet in the facility’s train wheel rolling history.

Exports were at an all-time low in 2019. In particular, sales outside the Newly Independent States were a third of their 2018 levels. The share of export contracts in OMK's portfolio is about 1.5% at this time. If one were to make a comparison with the time of low domestic demand and low utilization of VSW's wheel rolling facility in 2015 through 2017, the 2019 exports amounted to as little as a fifth of their former values.

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Posted By : Rabi Wangkhem on Thu, 27 Feb 2020
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