- Business
- PJSC Ashinskiy Metallurgical Works operates as a metallurgical company in Russia, producing a diverse range of steel products and advanced alloys; it manufactures hot-rolled and cold-rolled steel sheets, thick-plate rolled products from carbon, low-alloy, structural, alloy, shipbuilding, boiler, corrosion-resistant and heat-resistant steel grades; amorphous and nanocrystalline alloys including strips, ground powders and ring magnetic cores; electrical steel strips and tape; metal structures; transformers and chokes; casting and machining services; plasma cutting, parts and workpieces; and consumer goods under the AMET brand such as stainless and carbon steel tableware, cookware and vacuum thermoses. The company serves defense, oil and gas, chemical, nuclear, aviation, space, energy, automotive, tools, machinery and household sectors, with over 80% of sheet rolling output sold domestically in Russia and operations focused in the Ural Federal District. Founded in 1898 and headquartered in Asha, Chelyabinsk Oblast, Russia, it employs around 4,000 workers and maintains a full-cycle production with two electric arc furnace shops, a rolling mill and its own power station, achieving a crude steel capacity of 1 million tonnes per annum using 100% scrap-based electric steelmaking. Recent developments include the completion of basic engineering for reconstruction of the sheet rolling mill No. 1 in partnership with China's Second Heavy Machinery Group, enabling detailed design and expertise review; signing of a 20 billion ruble special investment contract at the St. Petersburg International Economic Forum in June 2025 to expand rolled product output to 800,000 tonnes annually and create over 200 jobs; introduction of three modern tensile testing machines in the central laboratory to enhance product quality and reduce order fulfillment times; and plans to conserve the stainless consumer goods workshop by end-2025 due to lack of stable demand, redirecting focus to core metallurgical output while offering redeployment to affected workers.