"St. Petersburg Steelworks Rolling Mill" founded in 1857, was nationalized in 1919, and renamed "Krasniy Gvozdilschik" in 1921. The factory occupied 9.9 hectares and was bordered by Kosaya Line to the north, by 25th line to the east, by Kozhevennaya Line to the south, and by 26th Line of Vasilyevsky Island to the west. During the First Five-Year Industrial Plan, the plant was reconstructed. The new plant comprised of steel rolling, steel wire and cable workshops, all equipped at a state-of-the-art level.