28 January 2015
Ilyich Iron & Steel Works of Mariupol launched production of DC01 cold rolled products according to European standard EN 10130. These products are in high demand in key export steel markets.
Ilyich Iron & Steel Works of Mariupol started manufacturing DC01 rolled products in coils with a weight of up to 16 tons from BOF steel in its cold rolling shop. Previously, cold rolled products were manufactured mainly from 08kp OHF steel according to GOST, which restricted sales. Metinvest's customers can purchase 0.5-2.0 mm thick and 500-1,250 mm wide products (cut edges). The mechanical and chemical properties of the rolled products are fully in line with European standards.
DC01 rolled steel is widely used to manufacture pipes, structural elements, heating units, household appliance cases and other products. DC01 cold rolled products manufactured at Ilyich Iron & Steel Works of Mariupol are planned to be delivered to Europe and to the Middle East.
Dmitry Nikolaenko, sales director of Metinvest Group:
"Metinvest is working stably and implementing measures to strengthen customer focus and the competitiveness of our products. Moving to selling heavier BOF coils allows for expanding sales and increasing rolling mills capacity utilization. In 2015, we plan to launch about 20 new types of rolled products that are in demand in the construction, machine building, mining, oil & gas, and pipe manufacturing industries."
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PJSC «Ilyich Iron and Steel Works of Mariupol» is one of the greatest enterprises in Ukraine with full metallurgical cycle. The Works produces pipes and flat rolled products of carbon, low-alloy and alloy steels for different applications: hot-rolled plates and sheets intended for the production of pipes for main pipelines, ships, pressure vessels, bridge constructions, other metal constructions for critical application; hot-rolled plates, sheets and strips including pickled; cold-rolled, including galvanized, bands, sheets and strips, including for cold stamping, flooring and others.
METINVEST is an international vertical-integrated mining-and-metallurgical Group of companies, which runs assets in every link of production chain for creation of value from iron-ore and coal mining tol semi-finished and finished metal products manufacture. The structure of the Group comprises mining and metallurgical enterprises in Ukraine, Europe and USA, and sales network covering the key world markets. METINVEST GROUP consists of Metallurgical and Mining Divisions. According to the strategical vision of the Group its aim is to become lead European vertical-integrated steel producer with stable ratio of growth and cost effectiveness in spite of market cyclicity, and to ensure investment return higher than industrial standards. For the first quarter of 2014 ended 31 March 2014, the Group reported revenues of US$2.9 billion and an EBITDA margin of 30%.
The main shareholders of METINVEST B.V. company (Holding company of METINVEST GROUP) are SСM GROUP (71,25%) and SMART GROUP (23,75%), which control Group at partnership relations..
METINVEST HOLDING LLC is the managing company of METINVEST GROUP.