Novostal-M Metallurgical Holding unites two large industrial enterprises: Abinsk Electric Steel Works, Ltd, which is the largest local employer (Krasnodar region) and Balakovo Steel Factory, JSC (Saratov region). The holding's annual output of steel is over 2.8 million tons. Their major products include construction rolled products, wire rod, steel profiles, wire with various types of coatings, as well as medical oxygen.