New Electric Steelmaking Complex Commissioned at Izhstal OAO
09/08/2010 - Mechel OAO announced that the Russian Prime Minister Vladimir Putin commissioned a new electric steelmaking complex at Izhstal OAO. The new facility comprises an electric arc furnace with a capacity of 40 tonnes and a continuous slab caster.
Mechel OAO announced that the Russian Prime Minister Vladimir Putin commissioned a new electric steelmaking complex at Izhstal OAO. The new facility comprises an electric arc furnace with a capacity of 40 tonnes and a continuous slab caster.
The facility will have an annual slab production capability of more than 300,000 tonnes. A ladle metallurgy facility will be commissioned as part of the same process chain. Commissioning of the new facility will mark the complete transition of Izhstal OAO to electric furnace steelmaking. This is a key stage for the plant’s large-scale technical upgrade program, which provides for renovation of the steelmaking complex and modernization of steel rolling facilities of Izhstal OAO.
Project investments have totaled 5.8 billion rubles ($195.6 million).
During the commissioning ceremony of the new facility, the Russian Prime Minister was accompanied by Grigory Rapota, the Plenipotentiary Representative of the President of the Russian Federation in Volga Federal Region; Alexander Volkov, the President of Udmurtia Republic; Denis Manturov, Deputy Minister of Industry and Trade of the Russian Federation; Igor Zyuzin, the Chairman of the Board of Directors of Mechel OAO; Valery Moiseyev, Managing Director of Izhstal OAO.
“Technical modernization of the plant will result in more effective production, reduced costs, compliance with global quality standards, and will allow us to satisfy the demand for specialty steel grades by the automobile, aircraft, aerospace, and construction industries,” said Zyuzin. “Of no less importance for us is the social dimension of this project: technical upgrade of the plant will eventually mean more taxes paid to the budgets of all levels, new jobs creation, compliance with the latest safety requirements, and significant reduction of air emissions in the city of Izhevsk.”
Mechel is a leading Russian mining and steel company. Its business includes four segments: mining, steel, ferroalloy and power. The company unites producers of coal, iron ore concentrate, nickel, steel, ferrochrome, ferrosilicon, rolled products, hardware, heat and electric power. Its products are marketed domestically and internationally.