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Enakievo Steel to construct a 250 rolling mill by 2012

Enakievo Steel to construct a 250 rolling mill by 2012

16 October 2008

Enakievo Steel (ENMZ: BUY) plans to construct a 250 rolling mill with an annual capacity of 750 ths mt by 2012, Oleh Olshanskiy, general director of Metinvest Ukraine, Enakievo Steel’s parent, said at a metallurgical conference yesterday. The cost of the project is EUR 100-250 mln. According to Olshankiy, Enakievo Steel also plans to decommission its 280 and 350 rolling mills, without specifying the time frame.

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