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Siemens signs deal to update Ukraine steel plant

Tue Sep 30, 2008 8:30am EDT

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KIEV, Sept 30 (Reuters) - Germany's Siemens (SIEGn.DE) has signed a deal with Ukraine's Zaporizhstal steel mill, worth several hundred million euros, to replace old open-hearth steel facilities with modern converters, it said on Tuesday. "This metallurgical complex will be capable of producing 4.7 million tonnes of carbon steel grades per year for a wide range of industrial applications," Siemens said in a statement.

"Following start-up of the oxygen steelmaking facilities scheduled to begin in late 2010, Zaporizhstal JSC will eventually terminate its open-hearth-steelmaking production and ingot-casting route."

The company did not give an exact cost to update the large mill. Zaporizhstal was not available for comment.

Zaporizhstal' raw steel production fell by 3 percent to 2.922 million tonnes in the first eight months of the year. The plant's steel output in 2007 increased to 4.457 million tonnes from 4.401 million in 2006. (Reporting by Pavel Polityuk; editing by Karen Foster)



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