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Yenakiieve Iron and Steel Works

Yenakiieve Iron and Steel Works increases environmental investments by 25% in 2013

13 February 2014

Metinvest Group's Yenakiieve Iron and Steel Works allocated UAH 164 million for the implementation of priority nature protection activities in 2013, which exceeds the amount provided in 2012 by 25% (UAH 123 million).

Last year Yenakiieve Steel carried out a series of activities to improve the environmental situation in the city. One of the largest and most unique projects in this area is the construction of a new sinter plant.

 Note that there is a contract that was signed in 2013 to develop detailed engineering plans for the construction of the sinter plant with Siemens VAI (Austria). Viktor Yanukovich, president of Ukraine, and Rinat Akhmetov, president of SCM (major shareholder of SCM), attended the signing ceremony.

In 2013, Yenakiieve Steel allocated over UAH 80.7 million for additional air protection measures. In particular, replacement of the multicyclone of sinter machine #1 reduced atmospheric emissions by 26 tons per year. In addition, the comprehensive modernization program for gas exhaust ducts at Yenakiieve Steel's converter shop is coming to an end. The plant is also a developing a project to replace the old aspiration systems at the Lime and Refractory Shop.

 Yenakiieve Steel allocated over UAH 3.9 million to implement measures to protect the environment and for the sustainable use of water sources. For instance, to prevent oil dumping into the Bulavin River, they developed a project to construct treatment systems at the enterprise's water discharge points. As of today, the project has gone through an expert review, the contractor finished work on the construction of a temporary road, and new equipment has been installed. One more activity aimed at preventing water pollution is the reconstruction of existing sulphur water pools, which is now going through an expert review.

 Yenakiieve Steel pays special attention to the storage of production and domestic waste. A key project in this field is the reconstruction of a joined sludge collector (reconstruction of a dam). The creation of an additional reservoir for waste (sludge) from blast furnace and converter production will help decrease the load on soil covering, reduce the amount of waste in the enterprise's pond and improve its rational recovery. 92% of work has been completed; investments comprise UAH 22.4 million. The total volume of investments into the project is UAH 172 million.

 "This year we preserved and increased financing for measures for environmental protection, improving the ecological situation and maintaining ecological objects on the territory of the enterprise. Thanks to the fact that this plant is part of a largest metallurgical company, we can improve our production facilities and at the same time, work on environmental issues," said Aleksandr Podkorytov, general director of Yenakiieve Steel.

 Yenakiieve Steel has been a leader in investments to nature protection measures to reduce polluting emissions into the atmosphere and greenhouse gases since 2011.

For editors:

 Yenakiieve Iron & Steel Works is one of the world’s leaders in square billet production. It produces cast billet, rod, and various sections (beams, channels, angles, etc.).

 Metinvest Group is a vertically integrated group of steel and mining companies that manages every link of the value chain, from mining and processing iron ore and coal to making and selling semi-finished and finished steel products. It has steel and mining production facilities in Ukraine, Europe and the US, as well as a sales network covering all key global markets. Its strategic vision to become the leading vertically integrated steel producer in Europe, delivering sustainable growth and profitability resilient to business cycles and providing investors with returns above industry benchmarks. The Group reported revenue of USD 3.1 billion and an EBITDA margin of 15% in the first quarter of 2013. The major shareholders of Metinvest B.V. (the holding company for Metinvest Group) are SCM Group (71.25%) and Smart-Holding (23.75%), which partner in the Group’s management. Metinvest Holding, LLC is the management company of Metinvest Group.