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Construction of an electrometallurgical complex

Updated:2021-07-19 00:00:02

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The project envisages the construction of the Ekolant full-cycle electrometallurgical complex in the city of Vyksa to produce steel in the form of round billets and slabs. Steel will be produced from iron ore (3.5 million tons of iron ore per year) and natural gas by direct reduction of iron (DRI, Direct Reduced Iron). Ecolant LLC is the initiator of the project. The products will be used to produce broad sheets for shipbuilding and pipes of main pipelines, as well as to produce railway wheels and seamless pipes for oil production. Investors: state corporation VEB.RF (20 billion rubles), Sber (40 billion rubles), Otkritie Bank (40 billion rubles), Ecolant LLC (more than 40 billion rubles). Production startup is expected in 2025.Ā 

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