Zaporizhstal estimates its investments into construction of a new converter shop on the level of $1.5 billion.
According to Rostislav Shurma, the company CEO, this project will allow the works to drop the outdated open-hearth steelsmelting process, decrease pollution and gas consumption, as well as increase product range. He expects the economic return in 8 years.
When the new shop is put into operation, the open-hearth plant, blooming mill, rolling mill-1680 and auxiliary manufactures will be put out of operation. (Ukrainian metal)