Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) has announced that it has signed a contract with Chinese state-owned company Sinosteel Equipment and Engineering Co., Ltd (Sinosteel Equipment) regarding the supply of equipment for MMK’s new sinter plant No. 5. The overall investment for the new sinter plant will be around RUB 22 billion ($344.5 million). The new facility is scheduled for commissioning by the end of 2019.
The new plant will have an annual capacity of 5.5 million mt, allowing MMK to decommission outdated equipment at sinter plant No. 4, which has a 4.2 million mt per year capacity. The new plant will help MMK process sinter more efficiently, reduce the production costs of pig iron by ensuring output of suitable materials, and will help to fully unlock the potential of MMK’s blast furnaces. The new project will also help to significantly reduce the company’s environmental impact and improve working conditions.