The Ashinsky Metallurgical Plant in Chelyabinsk, Russia, has announced a suspension of part of its production, leading to the layoff of over 300 employees as it shifts focus to core products and modernization. This decision comes amid declining demand for stainless steel, prompting regional authorities to investigate the situation further. The plant is a key supplier for Russia's defense and industrial sectors.

The Ashinsky Metallurgical Plant (AMZ), a major Russian defense supplier, will suspend its stainless-steel division and lay off over 300 employees due to significant financial losses, with a reported net loss of approximately $2.4 million in the first quarter of 2025. The decision is part of a broader strategy to concentrate resources on core production and modernization amid declining market demand. The plant's management indicated job placement assistance will be provided to affected workers.