OEMK will increase high-quality rolled steel production

The new reduction and calibration section will ensure that every steel bar is the correct size.

The modernisation of the rolling mill will enable the Company to increase production of high-quality rolled steel by 67,000 tonnes per year.

Andrey Ugarov, First Deputy CEO, Metalloinvest, commented: “We continue to increase the efficiency of our operations and introduce modern technologies to strengthen Metalloinvest’s position in the markets for high-quality steel products. The installation of the reduction and calibration section at the mid-size production line will enable us to produce high-precision bars at the mill itself, without additional mechanical processing.”

The improvement in quality of OEMK’s mid-size bars in line with European standards will result in higher sales margins for the Company, one of Metalloinvest’s strategic priorities.

The delivery of the reduction and calibration section to OEMK is expected by the end of 2016. The first batch of high-precision bars will be produced in the second quarter of 2017. Total investment in the project amounts to over 900 million roubles.