Metinvest to increase efficiency of its steelmaking facilities

Metinvest announced that it plans to increase efficiency of its Yenakievo Iron and Steel Works by improving the production site administration and management.  
The planned steps, taken within the frame of Metinvest’s ongoing continuous improvements, reconstruction and production modernization program are expected to result in growing margins of Yenakievo Iron and Steel Works due to increased share of finished products from Makeevka Metal Works. Simultaneous optimization of Yenakievo Iron and Steel Works rolling capacity and streamlining of production and management processes at both sites will enable the company to considerably reduce its overhead and production costs.
Metinvest has set up a taskforce of the best steel makers and managers following the integration of Makeevka Metal Works into Metinvest Group in October 2010. The taskforce’s key objective was to find the most efficient model of the Makeevka Metal Works rolling capacities integration into the existing supply chain. The new model will improve Yenakievo Iron and Steel Works efficiency through complementing the existing product range with Makeevka Metal Works products.
Mr. Alexander Pogozhev, director of Steel and Rolled Products Division at Metinvest said, that “We have all the prerequisites to successfully implement the integration and significantly increase efficiency of our production facilities. First of all our plants’ favorable geographical locations allow to almost fully cover raw materials need of Makeevka Metal Works supplying billets from Yenakievo Iron and Steel Works. As a result of the integration almost 100% of the continuous cast billets from Yenakievo Iron and Steel Works, constituting over half of its merchant products volume, will be fed into rolling mills 390 and 150 at Makeevka Metal Works”.
He said that the company was also planning to optimize the in-house rolling facilities of Yenakievo Iron and Steel Works. Steel casting and rolling capacities will be managed in a more efficient way. Joint efforts of the specialists from both production sites will enable a faster facility development and allow to produce new types of finished rolled products made of carbon, high carbon and low alloyed grades of steel. (SteelGuru)