Russian steelmaker Magnitogorsk Iron and Steel Works has announced that it has ordered a new continuous galvanizing line from Germany-based plantmaker SMS Group.
The production capacity of the new plant is more than 360,000 mt per year of cold rolled hot dip galvanized products for the construction industry. The first coil of galvanized steel is expected to be rolled within just two years.
MMK said that, with this plant, its production capacity of galvanized rolled products will increase by over 20 percent.
The chairman of MMK board of directors, Viktor Rashnikov, noted that the new project should be relevant from the point of view of import replacement, as the present Russian market of galvanized rolled products depends on imports for almost 25 percent of supplies, with a market capacity of 3.3 million mt and steel imports totaling 800,000 mt.