Zlatoust Metallurgical Works (ZMZ), a subsidiary of the Russian steel producer ESTAR Holding, has restarted operations at its rolling mills, after it reached an agreement for the adjustment of its debts for energy supplies which amounted to about Ruble 290 million (approx. $9.27 million).
Currently, ZMZ is operating its blooming and rolling mill No. 280, the total output of which is expected to total 3,450 mt of steel products in June.
As SteelOrbis previously reported, after one and a half months of suspension ZMZ restarted its electric furnaces on June 15. Currently, the plant is operating four of its nine electric furnaces. ZMZ's present steelmaking output amounts to 300 mt per day, which is to be increased with the receipt of new orders. Up to the end of June, ZMZ is to deliver 2,500 mt of finished steel products. In July, the plant plans to produce 10,000 mt of steel products.