The Amount of Investments in New Production of Cold-Rolled Steel from “Metinvest” Exceeds $1 Million 

Friday, June 11, 2021
The Amount of Investments in New Production of Cold-Rolled Steel from “Metinvest” Exceeds $1 Million 

On June 10, a contract was signed with the world's leading Italian company Danieli, which will supply the equipment. For the construction of the complex, "Metinvest" will attract a large foreign contractor with experience of participation in similar projects. 

Completion of the first phase is planned for 2025. The plant will produce about 1.2 million tonnes per year of highly competitive cold-rolled and galvanized steel, as well as polymer-coated steel. The number of galvanized rolls with polymer coating is over 600 thousand tons.

According to Yuri Ryzhenkov, general director of Metinvest Group: “The construction of a cold rolling mill is our largest project for the next five years. This is a logical continuation of the program for the modernization of rolled steel production at the Ilyich iron and steel combination. The entire new technological chain, including a modern continuous casting machine, a revamped 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 cold-rolled products. The release of premium high-tech products, the use of advanced technologies, environmental friendliness, and the creation of new jobs for qualified specialists —  all this makes the project significant for Mariupol, and for the industry, and the whole country". 

Earlier, Danieli Group CEO Giacomo Marescchi Danieli also noted the modernity and environmental friendliness of the technologies being introduced, which is a reason for pride.

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