OREANDA-NEWS. Ilyich Iron and Steel Works is preparing for overall capital repair of the №1 converter. The company is planning to spend around 90 mln.hryvna for reconstruction of the unit.

Preparation is expected to be completed in two months. In September, the caster will be deactivated and erection of the new machine will start. So far, 210 tn of metal constructions have been brought to the manufacturing site. The new caster assembly works have been launched by the plant's repair personnel.

During the capital repair the gas outlet pipeline and some gas cleaning structures will be replaced. New ecological equipment will result in decreased dust emissions while CO2 content will be quarter reduced.

Yurii Zinchenko, General Director of Ilyich Iron and Steel Works:

- We proceed with the modernization even now, when the Donbass region is suffering from war.

We believe that the war will end and we go forward to reach our target - modern steel plants and clean air in Mariupol.

PJSC "Ilyich Iron and Steel Works of Mariupol" is one of the greatest enterprises in Ukraine with full metallurgical cycle. The Works produces pipes and flat rolled products of carbon, low-alloy and alloy steels for different applications: hot-rolled plates and sheets intended for the production of pipes for main pipelines, ships, pressure vessels, bridge constructions, other metal constructions for critical application; hot-rolled plates, sheets and strips including pickled; cold-rolled, including galvanized, bands, sheets and strips, including for cold stamping, flooring and others.

METINVEST is an international vertical-integrated mining-and-metallurgical Group of companies, which runs assets in every link of production chain for creation of value from iron-ore and coal mining tol semi-finished and finished metal products manufacture. The structure of the Group comprises mining and metallurgical enterprises in Ukraine, Europe and USA, and sales network covering the key world markets. METINVEST GROUP consists of Metallurgical and Mining Divisions. According to the strategical vision of the Group its aim is to become lead European vertical-integrated steel producer with stable ratio of growth and cost effectiveness in spite of market cyclicity, and to ensure investment return higher than industrial standards. For the first quarter of 2014 ended 31 March 2014, the Group reported revenues of USD 2.9 billion and an EBITDA margin of 30%.