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Mechel Launches Modernized Steelmaking Complex at Otelu Rosu
06/08/2011 - Mechel OAO has launched a modernized steelmaking complex at its Romanian-based subsidiary Ductil Steel Otelu Rosu. The reconstructed complex includes a new electric arc furnace with the COSS system, an upgraded continuous billet caster, and a modern scrap metal preparation section.
Mechel OAO has launched a modernized steelmaking complex at its Romanian-based subsidiary Ductil Steel Otelu Rosu. The reconstructed complex includes a new electric arc furnace (EAF) with the COSS system, an upgraded continuous billets caster, and a modern scrap metal preparation section.
The complex’s launch was attended by Prefect of Caras-Severin Octavian Tunea, Fuchs Technology AG’s President Gerhard Fuchs, Mechel OAO’s Chairman of the Board of Directors Igor Zyuzin, Mechel OAO’s Senior Vice-President Victor Trigubko, Chief Executive Officer of Mechel-Steel Management OOO Andrey Deineko, and General Director of Mechel’s management company in Romania Yuri Gushchin.
The reconstruction’s key aggregate is the EAF with COSS system developed by the German-based company Fuchs Technology. The new machine uses heat from waste gases for preheating scrap metal, enabling the plant to significantly cut expenses (on raw materials and power) and improve the quality of steel, according to Mechel.
Otelu Rosu will be the third implementation of the COSS equipment worldwide, and the first in Europe. The COSS-equipped furnace has production capacity of about 810,000 tonnes of steel per year.
Investment in the plant’s modernization program amounted to $48.7 million.
“Completion of the investment project at the Otelu Rosu plant will enable us to fully provide Mechel’s Romanian enterprises with raw materials, which will dramatically cut costs and improve the efficiency of their work,” said Mechel OAO’s Zyuzin. “Launch of innovative and high-technology projects in Romania is a positive signal for its economy and confirmation that joint efforts by the government and business to overcome the crisis’s consequences are effective.”
Mechel is one of the leading Russian mining and metals companies. Its business includes four segments: mining, steel, ferroalloy, and power. The company unites producers of coal, iron ore concentrate, nickel, steel, ferrochrome, ferrosilicon, rolled products, hardware, heat and electric power. Its products are marketed domestically and internationally.
