Ural Steel, a subsidiary of Metalloinvest, has successfully increased its steel production while simultaneously reducing production costs. The company commissioned a temporary pig iron storage facility at its electric arc furnace meltshop, allowing for greater flexibility and efficiency in steel production. This facility has a capacity of 1,300 metric tons and helps maintain the temperature and chemical composition of pig iron.
With this new storage facility, Ural Steel aims to increase its steel production to 1.5-2 million metric tons per year. Additionally, the company plans to enhance its production capabilities further by adding a degasser and a third casting plant in the future. These improvements are expected to improve the chemical composition of the products and reduce overall production costs.