Mechel modernizes steel complex

Mechel OAO has launched a modernized steelmaking complex at its Romanian-based subsidiary Ductil Steel Otelu Rosu.

Octavian Tunea, Gerhard Fuchs and Igor Zyuzin pressed the launch button for the reconstructed steelmaking complex, which includes a new electric arc furnace with the COSS system with capacity of some 810,000 tons per year, an upgraded continuous billets caster, and a modern scrap metal preparation section.

Investment amounted to $48.7 million dollars.