Capital investment projects will become the main focus for the Metinvest group this year.
“We have recently commissioned the continuous casting machine No. 4 at the Mariupol Ilyich Iron and Steel Works, but this is only the beginning of our large-scale investment program, as it allows us increasing our steel output by 1 million tons. And it will not be pig iron, but rolled metal with high added value”, the group CEO Yuri Ryzhenkov said.
This year Metinvest plans to finish the modernization of the mill-1700, carry on with projects on the sintering factory modernization and start improving the cold-rolled mill at the Mariupol Ilyich, as well as complete the blast furnace No. 3 repair at Azovstal and switch to new projects on another furnace. (Ukrainian metal)