Metalloinvest, a leading global iron ore and hot briquetted iron (HBI) producer based in Russia, has announced that it will build a heat treatment facility for hot rolled steel at its subsidiary Oskol Metallurgical Plant (OEMK).
The company stated that the new heat treatment facility will have an annual capacity of 70,000 mt of high-quality (special bar quality, SBQ) bars, and will be established within the enterprise's finishing plant. The facility will add to the existing heat treatment capacities at OEMK’s rolling plant No. 2.
According to Metalloinvest, Italian plantmaker Danieli Centro Combustion, part of Danieli group, will supply the new facility. The project will cost around RUB 3 billion ($48.12 million), and includes the construction of a building for the heat-treatment facility and two thermal furnaces, and the creation of heavy-lifting and transmission equipment, as well as associated infrastructure. The first furnace is planned to be launched in 2019, and the second will begin operations in 2020.