Metinvest invests over US$1 billion in new cold-rolled steel production facility

10 June 2021 

Metinvest is launching a major construction project for a new cold-rolled, galvanised and colour-coated coil production facility at Ilyich Steel in Mariupol. Total investments will exceed US$1 billion. On June 10, the Group signed a contract with Italy’s Danieli Group, a leading global technology supplier for the steel industry.

Ilyich Steel plans to construct a cold-rolling shop. It will consist of a continuous cold-rolling mill combined with a pickling line, as well as three state-of-the-art lines for zinc, aluminium zinc and polymer coatings. Project investments will exceed US$800 million for the first phase.

Metinvest will engage a major foreign contractor with experience in similar projects.

 

Link to press release

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