Enakievo Steel To Launch New Blast Furnace.
27 July 2008
Enakievo Steel (ENMZ: U/R), part of Ukraine’s largest metals and mining holding, Metinvest, has announced plans to launch a new blast furnace, with a capacity of 1.5 ths cubic meters, equal 1.05 mln mt of annual pig iron production (+52% of the company’s existing capacities). According to Ihor Korytko, the head of the steel and rolled steel division at Metinvest, the construction of this blast furnace is a part of Enakievo’s development program for 2001-2011. The company plans to invest USD 100 mln in 2007 and a total of USD 700 mln on this program.
