14 March 2014
EMZ's Makiivka branch completed a major overhaul of its 150 Continuous Wire Rod Mill. The estimated cost of the work was UAH 15 million.
During planned the repairs, the mill's reheating furnace was renovated and roughing train equipment and intermediate modules were checked. This will improve product quality and decrease the mill's downtime by 2%.
Aleksandr Podkorytov, Yenakiieve Steel's general director:
"The equipment is strategically important not only for the shop, but for the mill as a whole. It is mainly for the production of wire rod with diameters of 5.5-13.0 mm and rolled stock that are in high demand in domestic and external markets. In one year the enterprise can produce up to 900,000 tons of these products."
- 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.