The Russian steel producer Magnitogorsk Iron and Steel Works (MMK) has announced that, within the implementation of its investment project for the construction of a cold rolling complex, it is continuing the construction of its new cold rolling mill 2000.
Accordingly, MMK is currently carrying out the construction and installation of metal structures and is laying the foundation for the building and for the equipment. The first batch of the mill's manufacturing equipment, the total weight of which is more than 38,000 mt, is expected to be received in November of the current year.
MMK's cold rolling mill 2000 with an annual capacity of two million mt, designed mainly for the Russian domestic automobile industry, is being supplied by German plantmaker SMS Demag under the scope of the contract concluded in July 2007.
The commissioning of the new facilities for pickling, rolling, continuous annealing and for the final conditioning of cold rolled products is in response to the increase of demand for special qualitative cold rolled steel, primarily for the production of auto bodies. The main purpose of MMK's cold rolling complex will be the production of high quality cold rolled and galvanized steel by the use of the most advanced and modern technologies for the production of the external and internal components of automobiles, as well as for the producers of household appliances and for the construction sector.
MMK expects that the construction of the site will be completed next year, and that its new cold rolling complex will be commissioned in late 2011.