Ukrainian mining and steel producing group Metinvest has announced that its subsidiary Ilyich Iron & Steel Works of Mariupol has launched a large-scale revamp project to build a continuous casting machine No. 4 with an investment of about $150 million. The new equipment will allow for higher productivity, cost reduction, steel product quality improvement, and environmental improvements in Mariupol. The construction of the continuous casting machine is starting in the current month, with commissioning planned for 2018.
The construction of the new two-strand continuous casting machine will be carried out by Primetals Technologies Austria GmbH, a subsidiary of UK-based plantmaker Primetals Technologies. The new equipment will produce 2.5 million mt of premium cast slabs annually for re-rolling at Metinvest’s mill 1700.