According to Mr Alexander Babikov head of the company supervisory board, Ukraine Donetsk Electrometallurgical Plant, the mini mill previously known as ISTIL intends to restart its production operations in the second half of September.
Mr Babikov said in September Donetsk Electrometallurgical Plant plans to produce 63,000 tonnes of square billets of which 50,000 tonnes will be exported, while in October the plant’s billet output is planned to reach 90,000 tonnes. The company has already received orders for its September and October production.
He said that initially Donetsk Electrometallurgical Plant plans to concentrate on the output of common steel grades and after a few months to reach its full monthly capacity, i.e 90,000 tonnes to 95,000 tonnes of which 30% will consist of high value added steel products.
Donetsk Electrometallurgical Plant stopped operations at the end of July this year. In August, A1 a company of Russian investment conglomerate Alfa Group took over the management of the plant from Russian steel producer Estar Holding. After the changes in its senior management, the plant received floating funds, restarted scrap and other raw material acquisitions, and began to prepare to recommission its operations. (SteelOrbis)