The Russian steelmaker Magnitogorsk Iron and Steel Works (
MMK) has signed a contract with SMG Demag for the supply of all necessary equipment for the
construction of
plate mill 5000 and a continuous
slab casting mill.
The new
plate mill 5000, with a designed
production capacity of 1.5 million mt per year, will allow
MMK to produce 4,850 mm wide plates with strength of X100-X120, which are used in the oil and gas industry and also in the ship and machine building industries.
The new mills are expected to be put in operation in 2009.