Ukraine's largest vertically-integrated mining and steel group Metinvest has announced that its subsidiary Ilyich Iron & Steel Works of Mariupol has launched production of new modern products, S355M and S355MC TMCP coils, that will serve as a substitute for less efficient scrap metal or coils sourced from eastern Europe or the CIS.
The new rolled products are designed for use in engineering applications such as manufacturing parts by cold bending and forming (i.e., wheel disks for industrial vehicles, body parts and telescoping booms for cranes). Metinvest has stated that products made with the new steel have the same benefits and improved cold forming properties that allow for manufacturing complex components and eliminating the risk of cracking and use of preheating. These rolled products are suitable for all modern types of cutting, including laser cutting. Through the use of S355M high-strength rolled products, processors can save up to 34 percent of steel.