Azovstal Iron and Steel Works, a subsidiary of Ukraine's largest vertically-integrated mining and steel group Metinvest, has announced that it launched the revamping of its blast furnace No. 4 in late June.
Metinvest Group is investing around $1 billion in the revamping of the blast furnace. The furnace revamping will last until November and will enable the company to increase its production capacity from 1.1 million mt to 1.5 million mt per year.