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Azovstal Iron and Steel Works

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Metallurgical Combine Azovstal
Company typePrivate, Combine
PFTS: AZST
Industrysteel production
FoundedFebruary 2, 1930 (1930-02-02)
Headquarters
Mariupol
,
Ukraine
Key people
Enver Tskitishvili (Apr.2011-)
(General Director)
558,417,000 Hryvnia (2016) Edit this on Wikidata
OwnerMetinvest B.V.
Metinvest International
Number of employees
10,260 (2016) Edit this on Wikidata
ParentMetinvest
SubsidiariesSigma TV Channel
Sygma TV Channel
Firma Marita
AzovMed
Websiteazovstal.metinvestholding.com/en

Metallurgical Combine Azovstal (Ukrainian: Mеталургійний Kомбінат Азовсталь) (PFTS: AZST) is one of the biggest steel rolling companies in Ukraine.

History

It was established in 1930 by the decision of the Presidium of Supreme Soviet of the National Economy (BCHX) (USSR) in Mariupol, Ukrainian SSR (Soviet Union) and finally entered the production line in 1933 when its blast furnace put out the first iron.[1]

  • In January 1935 – steel making production was put into operation at Azovstal, the first in the USSR 250t tilting open-hearth furnace came into commission.[2]
  • In 2017 – Azovstal invested $90 million in the reconstruction of the blast furnace 4.
  • In May 2018 – Metinvest Holding management said they planned to invest $6 billion in steel assets, including $300 million for environmental measures.
  • In the end of June 2019 – Azovstal plans to launch the repaired blast furnace 3. As a result, the furnace will be equipped with a pulverized coal injection (PCI) unit, and its capacity will be increased to 1.3–1.6 million tons. CAPEX into the project – $145 mln.
  • In June 2019 – Azovstal stopped blast furnace #5. It will be decommissioned and dismantled.
  • In June 2019 – Azovstal stopped blast furnace #6 for rebuilding works.[1] The project intends energy efficiency improvements and cost decreasing. Blast furnace #6 will be equipped with a pulverized coal injection (PCI) unit and slag granulation plant. As a result, dust emissions will reduce by 55%.

Production

Azovstal iron and steel works include: coke production, sinter plant, blast furnace plant consisting of six blast furnaces, steel-making complex in the converter and open-hearth shop, a mill complex in the plate shop, rail and shops and offices included in a large variety of rail and shops bonds. The plant has a developed transport infrastructure.

Management

Azovstal iron & steel works was operated as a subsidiary of Metinvest B.V. and now it operates as a subsidiary of Metinvest Holding LLC,[3] a subsidiary of Metinvest B.V.

See also

References

  1. ^ http://azovstal.metinvestholding.com/en/about/history
  2. ^ http://azovstal.metinvestholding.com/en/about/history
  3. ^ http://www.metinvestholding.com/en/activity/steel_rolling
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