In autumn, Mariupol Ilyich Iron and Steel Works intends to finish the project to modernize its sintering factory, decreasing pollution by 90%. The large-scale project began in 2012. All construction work was finished last year. Investments amounted to $150 million. (Ukrainian metal)
Metinvest does not intend to shut down its outdated open-hearth manufacture at Zaporizhstal before the oxygen-converter shop is constructed. At the same time, construction is postponed because of the lack of funds. Last year the group prepared a construction site and built a new road in Zaporozhye valued at 220 million UAH. “But because of…
Quick recovery of the business activities in China has not only positively influenced Metinvest mining segment, but also allowed it to supply steel products there. “China is not our traditional customer as to metal products, but it is our long-term market for iron ore raw materials”, the group CEO Yuri Ryzhenkov said. “With the suffering…