Ukraine: Azovstal and Ilyich manufacturing processes to be integrated
Metinvest plans to unite Azovstal and Mariupol Ilyich Iron and Steel Works, said a source from the city’s business circles.
Metinvest plans to unite Azovstal and Mariupol Ilyich Iron and Steel Works, said a source from the city’s business circles.
Mariupol Ilyich Iron and Steel Works, a part of Metinvest, has started to produce thermally and mechanically strengthened hot-rolled coils S355M and S355MC. This is the first time that such a rolled metal is produced in Ukraine.
Mariupol Ilyich and Azovstal Iron and Steel Works have switched to the policy of economy.
In January-October Mariupol Ilyich Iron and Steel Works produced 2.02 million tons of rolled metal, down by 28.2% YoY.
Mariupol Ilyich Iron and Steel Works (Donetsk region) decided to close its representative office in Kiev. The corresponding decision was taken on October 29 by the supervisory board due to the economic expediency.
In January-September Mariupol Ilyich Iron and Steel Works received 0.58 billion UAH of net losses (1.07 billion UAH of profits in the first three quarters of 2014).
Mariupol Ilyich Iron and Steel Works has finished capital repairs of its sintering shop car dump.
Azovmash plans to produce equipment for converter overhaul at the Mariupol Ilyich Iron and Steel Works.