"ArcelorMittal Krivoy Rog" will build another continuous casting machine
PJSC «ArcelorMittal Kryvyi Rih» continues to actively expand production. Not so long ago, it was decided to build a second continuous casting machine. It is a necessary step which will help to keep the markets. The risk of loss is quite high. Note that about 80% of the products are made in the process of casting steel ingots. However, this approach does not provide the necessary quality products. Accordingly, the value of it is insufficient. For this reason, the construction of the second unit continuous casting is a necessity. This was announced by Kalon he is a mechanical engineer, is General Director of AMKR.
The CEO also expressed his views on keeping the company afloat. Today to maintain stability and achieve growth is possible only in the presence of competitive advantages. Therefore, to be in constant search quite a normal practice. As an example we can consider the already implemented projects. Take, for blast furnace No. 9. It was introduced a complex of pulverized coal injection. As a result the company stopped the use of natural gas. The result was a significant reduction in consumption of purchased coke for the furnace.
The construction of a new equipment is included in the list of major projects that will receive investment. Investment program designed until 2020. By the way, the question of the continuous casting is raised this spring. The increase was deemed necessary, and the proposed project is promising. However, at the time of construction of the facility was not included in the company’s plans. Representatives of ArcelorMittal refused to provide any data regarding the cost of the object and its parameters. However, the company plans to 2020 to invest in the Ukrainian company a certain amount. It is expected that investments will reach 1.2 billion USD.
We must examine the construction of the first varietal continuous casting machine. The project started in 2011. The cost of the project amounted to 120 million USD. The machine reached its planned design capacity in February 2013.
While ArcelorMittal Kryvyi Rih continues to increase the volume of hire. For the first half of 2016, an increase of 5,6% compared to the same period last year. The index of the current year reached $ 2,862 million tons. Steel production increased by 3,2 percent to 3,260 million tons. Pig iron production increased by 13.7%, to 3,086 million tons.