A key part of the investment — and also the largest environmental project in the group’s history — will be the reconstruction of the dedusting systems in the basic oxygen furnace shop at its Azovstal Iron & Steel Works. The company said the new dedusting systems are expected to be commissioned in phases during 2022–2023.
 
In addition, the company plans to complete the reconstruction of gas cleaning units of the casthouses and the stockhouses of blast furnace No. 4 at Ilyich Steel, and replace the gas cleaning units for a pelletizing machine at Northern GOK.
 
Metinvest completed several major capital projects last year and launched a project to build a new cold-rolled, galvanized and color-coated coil production facility at Illich Steel — with investments expected to exceed US$1 billion. The new Illich Steel project will make it possible to replace over 1 million metric tons of imports.
 
“Metinvest has demonstrated the highest level of patriotism and belief in the state by investing a record sum of money in the Group’s history into the industrial development in Ukraine,” Metinvest Group chief executive Yuriy Ryzhenkov said.
 
“Last year, we invested over US$1 billion in projects that make Ukrainian industry more modern, competitive and environmentally friendly. At the same time, our investments are not limited to production. We do everything possible to make cities comfortable places to live and work in and to make Ukrainians proud of their country.”