Business news from Ukraine


10 June , 2021  

Metinvest, an international vertically integrated mining and metallurgical group of companies, is launching a large-scale project for the construction of a new workshop for the production of cold-rolled steel, galvanized and painted coils at Illich Metallurgical Plant (Donetsk region). According to a company press release, the group signed a contract for the supply of equipment with the world’s leading supplier of metallurgical technologies, Italy’s Danieli, on June 10. The total investment in the project will exceed $1 billion.
At the same time, it is specified that it is planned to build a cold rolling shop at Illich steel mill, which will consist of a continuous cold rolling mill combined with a pickling line, as well as three modern lines for applying zinc, aluminum-zinc and polymer coatings. At the first stage, investments in the project will exceed $800 million.
For the construction of the complex, Metinvest will attract a large foreign contractor with experience of participation in similar projects.
It is planned that in 2025, after the completion of the first stage of the project, the mill will produce about 1.2 million tonnes of highly competitive cold-rolled and galvanized steel, as well as color-coated steel per year. At the same time, the capacity for the production of cold-rolled coils will amount to more than 400,000 tonnes, galvanized coils – over 60,000 tonnes and polymer-coated coils – more than 140,000 tonnes.
Yuriy Ryzhenkov, the Director General of Metinvest, noted that the construction of a cold rolling mill is the company’s most ambitious project for the next five years.
“This is a logical continuation of the program of modernization of rolled steel production at Illich steel plant. The entire new technological chain, including a modern continuous casting machine, a reconstructed 1700 mill and a new cold rolling shop, will allow Metinvest to achieve world-class product quality at all stages of production – from semi-finished products to coated rolled products. The production of premium high-tech goods, the use of advanced technologies, environmental friendliness and the creation of new jobs for qualified specialists – all this makes the project significant for Mariupol, for the industry, and for the whole country,” the top manager said.

, , ,