“At first there was the idea of rolled production, but this loss was calculated based on the availability of Azovstal slabs,” Yuriy Ryzhenkov said in an interview. “We will not see these signs in the near future. Therefore, we started to look in another direction, based on DRI raw materials and the electric steel smelting production method.” This will be an additional opportunity for the sale of Ukrainian steel products abroad.
“Currently, ore exports are significantly limited due to the naval blockade and the congestion of railway tracks in western Ukraine. However, the company sees opportunities to expand the capacity of existing routes,” he adds.
At the same time, the company will invest in projects that will help improve existing or create new production in the group's assets in Ukraine, in particular in Zaporizhstal and Kametstal, Yuriy Ryzhenkov.
It will also help widen bottlenecks, especially in the production of high-quality rolled products, and enable businesses to recharge.” “We tested the production of high-quality blast furnace pellets at PivnGZK in August. It can even be brought up to the level of DRI pellets previously produced only at CGZK.”
However, Ryzhenkov added that the company will not make large-scale investments in long-term projects in Ukraine until the country achieves a convincing victory in the war with Russia.
In June, Metinvest said that the company is considering establishing a new plant in Bulgaria, where it already owns a rolling mill. The mill is said to accelerate the development of the planned new steel plant in San Giorgio di Nogaro in northern Italy.
Comments
No comment yet.