One of the biggest Ukrainian metallurgical holdings, Industrial Union of Donbass (IUD), has started
construction of a new steel mill in
Russia's Krasnodar Region. The cost of the mill is estimated at $100-250 million. The new plant will be equipped with a 1.5 million mt/py
steelmaking workshop, a 700,000 mt/py section rolling mill, and a 400,000-500,000 mt/py
wire rod mill. The assortment of
production may also include
rebar, channel bar and angle. IUD plans to complete the
construction works in two to two and a half years.