Ukrainian President Petro Poroshenko took part in the inauguration of continuous casting machine no. 4 at Ilyich Steel, a unique project for Ukraine, in which Metinvest invested some US$150 million.
The facility features technology that complies with European environmental standards and will increase the plant’s steel smelting capacity by almost 40%. Modern continuous casting equipment enables steelmakers to improve efficiency and product quality, while increasing the rate of hot metal conversion to high value-added products.
The work, which represents the largest industrial construction project of its kind in Ukraine since independence, began in September 2016. Over 40 contractor companies took part in the construction, while over 850 specialists were involved in the project overall.
For the full press release, go to metinvestholding.com.