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Italy’s Danieli, a world leader in the production of steel plants, signed a deal yesterday to be the main equipment supplier for Metinvest’s new $1 billion cold rolling shop in Mariupol

. In the first, $800 million phase, Danieli and Metinvest are to build a plant capable of producing 1.2 million tons of steel a year – cold-rolled, galvanized and color-coated. The Italian equipment “will allow Metinvest to achieve world-class product quality at all stages of production – from semi-finished products to coated rolled products,” Yuriy Ryzhenkov, director general of Metinvest, said at the signing ceremony.

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A second stage will increase capacity by one third, to 1.6 million tons.

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