Trade Resources Industry Views Russia OMK Has Completed Buying Spring Steel Producer

Russia OMK Has Completed Buying Spring Steel Producer

Tags: steel, metallurgy

Russia’s United Metallurgical Co (OMK) has completed buying spring steel producer, Chusovoy Steelworks, which occupies 60% share of the Russian spring steel market.

OMK had ever owned Chusovoy between 1997 and 2011.

In 2014, OMK plans to unfold a US$1.5 billion plan to transform Chusovoy into a 0.9 million ton/year EAF-based integrated tube and steelworks which OMK targets to run by 2018.

The new project will develop pipe billet and wheel blocks, seamless OCTG and other products.

 

 

Source: http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=67738&division=A9
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Russia OMK Buys Chusovoy
Topics: Metallurgy