Mechel OAO has announced that Russian prime minister Mr Vladimir Putin has inaugurated a stainless steel production complex in the arc furnace melting shop 6 of Chelyabinsk Metallurgical Plant (CMP). While launching the new production complex in the arc furnace melting shop 6, the Russian PM was accompanied by Mr Igor Sechin deputy prime minister, Mr Victor Khristenko minister of industry & trade, Mr Nikolay Vinnichenko the Plenipotentiary of the President of Russian Federation in Ural Federal Region, Mr Mikhail Yurevich Governor of the Chelyabinsk Region, Mr Igor Zyuzin the Chairman of the Board of Directors of Mechel OAO, Mr Andrei Deineko Chief Executive Officer of Mechel Steel Management OOO and Mr Sergey Malyshev Managing Director of CMP. Commissioning of the new complex would result in improvement of casted steel quality, boost in annual output of slabs from 600,000tns to 1.2 million tonnes, significant product range expansion and decrease in consumption of raw materials and power. The new equipment will allow CMP to increase output of plates and coils of corrosion-resistant steel grades, after reconstruction of the plant’s rolling facilities. Investments in the project totaled RUB 3.6 billion.
