18 February 2014
Metinvest completed testing of high-strength and wearproof plates for lining the body of BelAZ dump trucks at Central GOK.
Performance testing of 16ХGМPHTR and 25ХGSR grade plates had been underway for 18 months. The results showed that wear and tear on the loading platforms' lining was reduced by three times on average. Due to the use of high-strength rolled products, the service life of dump truck lining will increase by 1.5 times and the costs for relining will be 30% lower.
High-strength and wearproof plates are used for mining equipment, elevating mechanisms and hoisting cranes and in construction industry. High-strength rolled products are manufactured according to the "quenching and tempering" technology. It has many advantages compared to commercial steel grades (for example, 09G2S with 355 MPa strength class). Performance characteristics of structures and different products are improving: their service life and load-carrying capacity increase, while metal consumption and production costs decline.
Pavel Timoshenko, Central GOK's general director:
"In the coming years, our main efforts will be focused on the growth in the production efficiency. Use of high-strength rolled products will allow us to reduce substantial costs for replacing the lining of BelAZ bodies. We are planning to continue testing high-strength rolled products on different equipment that is subject to heavy wear: bulldozer blades and excavator buckets."
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JSC «Central Iron Ore Enrichment Works is the only enterprise in Ukraine, which uses both open and underground mining. Besides, it processes discards of the raw materials. Central Iron Ore Enrichment Works is mining, processing and producing raw materials for steelmaking – pellets and iron ore concentrate. Annual capacity of the enterprise is more than six million tonnes of iron ore concentrate and more than 2.2 million tonnes of pellets.
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 comprises steel and mining production facilities located in Ukraine, Europe and the US, as well as a sales network covering all key global markets. The Group is structured into two operating divisions, Metallurgical and Mining, and its strategic vision is 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 the industry benchmarks. For the nine months ended 30 September 2013, the Group reported revenues of US$9.8 billion and an EBITDA margin of 18%.
The major shareholders of METINVEST B.V. (the holding company of Metinvest Group) are SCM Group (71.25%) and Smart-Holding (23.75%), which partner in its management.
METINVEST HOLDING LLC is the management company of Metinvest Group.