Metalloinvest is to modernize Ural Steel

Metalloinvest has signed a contract with SMS Concast AG (Switzerland) for the modernisation of the four-strand continuous casting machine at Ural Steel (CCM в„–1).

As part of its modernisation, CCM в„–1 will be adapted to produce 455mm billets for railway wheels and square billets with section measurements of 300 x 330 mm for rail production. SMS Concast will produce and supply the new equipment.

Andrey Varichev, CEO of Management Company Metalloinvest, commented: "The modernisation of CCM в„–1 at Ural Steel will enable Metalloinvest to produce new types of high-margin products, reinforce the position of the Company on the high-quality steel grade market and improve the efficiency of its production. Our investment in this project will amount to more than 1 billion roubles".

The steel billets manufactured at CCM в„–1 will be produced using Convex® crystalliser technology, the Conflow holding brake and the new Constir system of electromagnetic stirring in the final crystallisation zone. Production is planned to start in mid-2017.

Metal Supply and Sale Magazine