Metinvest

Metinvest plans to spend about $110 million to modernize mill 1700 at MMK im. Lenin in Mariupol, Ukraine, increasing consolidated hot-rolled coil production to 4.5 million tons per year. Primetals Technologies will supply main equipment.

Metinvest is modernising the 1700 hot strip mill at Ilyich Steel in Mariupol, Ukraine, with equipment from Primetals Technologies. The revamp, costing around US$110 million, began in 2018 and is scheduled to finish in fall 2019, increasing coil weight to 27 tonnes and reducing minimum thickness to 1.2 mm.

ArcelorMittal plans to increase its stake in Ecocem France from 30% to 49% by the end of May 2018, subject to Irish Competition Authority approval.

Tsentralny GOK (part of Metinvest) purchased two Komatsu bulldozers for over UAH 40 million. The equipment has started work at the Hleuvatka quarry.