The launch of Pig Iron Casting Machine #5 has taken place at the blast furnace shop of Ural Steel. The launch of Pig Iron Casting Machine #5 has taken place at the blast furnace shop of Ural Steel. The commissioning of the new unit will increase pig iron production capacity by 500,000 tonnes annually.
Metalloinvest has received a long-term issuer credit rating in domestic and foreign currencies of BBB+ with a Stable outlook from Dagong Global Credit Rating Co., Ltd, a Chinese credit rating agency.
Metalloinvest has launched Russia’s largest pellet plant #3 at Mikhailovsky GOK. It is a unique project in terms of its scale and significance, in which the Company invested over RUB 16 billion. The completion of the plant construction enables Metalloinvest to increase pellet output capacity by 5 million tonnes to 27.6 million tonnes a year.
Metalloinvest signs a new agreement with a club of international banks. The banks have provided the Company with credit facilities of up to EUR 267 mn. The funds will be used to finance the purchase of equipment for the Company’s major investment project: construction of the third hot briquetted iron plant (HBI-3) at Lebedinsky GOK.
Metalloinvest announces Strategy 2023. It is aimed at reinforcing Metalloinvest’s position as a global leader in the production of merchant hot briquetted iron (HBI), implementing the Company’s large-scale investment programme to increase its development and production efficiency, growing the share of high added-value products, and increasing product quality.
Metalloinvest announces that Fitch Ratings affirmed the Company’s Long-term Issuer Default Rating (IDR) at 'BB' with a Stable outlook.
The installation of the shaft furnace has begun at the under-construction third hot briquetted iron plant (HBI-3 Plant) at Lebedinsky GOK. The shaft furnace is the main component of the production process for hot briquetted iron. The construction of the third HBI plant at Lebedinsky GOK is currently one of Metalloinvest’s key investment projects.
Metalloinvest announces that Moody’s Investor Service confirmed the Company’s ‘Ba2’ corporate rating with a Stable outlook. Following the confirmation of the global rating, Moody's Interfax Rating Agency confirmed the Aa2.ru long-term national scale corporate rating for the Company.
Ural Steel celebrates the 60th anniversary of the foundation.
Metalloinvest announces that Standard & Poor’s Ratings Services (“S&P”) affirmed ‘BB’ long-term foreign- and local-currency ratings on the Company.
Metalloinvest has begun the modernisation of the second gas purification unit at its electric arc furnace shop at OEMK. The construction of the second gas purification unit is the final stage of a large-scale investment project to implement a new purification system for exhaust gases from steel furnaces at OEMK.