Metinvest is going to spend $17 million on construction of the pulverized coal injection machine in the blast furnace #4 of Azovstal, and plans to switch all blast furnace manufacture at the works from the expensive natural gas to pulverized coal fuel.
The supervisory board of Azovstal Iron and Steel Works has reelected Enver Tsikishvili the company general director.
Azovstal has started implementing the pulverized coal injection system at its blast furnace.
Azovstal Iron and Steel Works faces its metal delivery problems.
On March 7, the rail shop of Azovstal Iron and Steel Works has started a new rolling campaign.
Azovstal has put its oxygen converter #1 into operation after capital repairs.
In 2015 Azovstal Iron and Steel Works received 1.76 billion UAH of losses.
World metal market situation will not improve in 2016. The decline of economic development in Europe as well as the increase of steel manufacture in China will not allow Ukrainian mining and metallurgical complex to overcome crisis in the near future.