Ukrainian mining and steel producing group Metinvest has announced that on March 10 this year its subsidiary Ingulets GOK supplied a pilot batch of 20,000 mt of a new type of iron ore concentrate with 68 percent iron content to ArcelorMittal Poland, subsidiary of global steel producer ArcelorMittal.
Metinvest stated that, given the declining demand for iron ore materials, the modern market economy places new requirements on the quality of products. With this trend in mind, Ingulets GOK worked extensively to increase the iron content of the concentrate. In the first two months of this year, Ingulets GOK undertook some industrial tests to determine the best ways to operate mining transportation complex and processing segment of the company and it developed the equipment operating modes and technology to make high-quality products.
Aleksandr Gerasimchuk, acting CEO of Ingulets GOK, stated that the iron ore mining sector is facing difficult times, and so it is important to ensure stable production of premium-quality goods. In February, the company delivered concentrate samples with iron content at 68 percent, 68.5 percent and 69 percent to Japan, Bahrain and Poland to assess their metallurgical value. It is also preparing a sample for Slovakia. The efficient work of the Ingulets GOK team has resulted in the first contract for delivery of the new products to ArcelorMittal Poland S.A, Mr. Gerasimchuk added.