INTERPIPE STEEL Opening - For the Workers, the City, and Society

INTERPIPE STEEL Opening - For the Workers, the City, and Society PR Newswire DNEPROPETROVSK, Ukraine, October 8, 2012 DNEPROPETROVSK, Ukraine, October 8, 2012 /PRNewswire/ -- October 4, in Dnepropetrovsk the electric steel melting complex Interpipe Steel - the first metallurgical plant built from scratch since Ukraine became independent, was opened. President of Ukraine Victor Yanukovich participated in the opening ceremony. INTERPIPE STEEL is the largest single private investment since Ukraine became independent. The mill combines innovative steel melting technologies from one of the top three metallurgical equipment producers, Italian Danieli, and works on the basis of international best practices in steel production. This combination creates a new metallurgical stproduction philosophy for the 21 century - a new step for the steel industry. This steel mill's state-of-the-art equipment and green technology enable Interpipe to replace outdated open hearth steel production. This will reduce energy consumption per tonne of steel by 2,2 times, decrease emissions by 2,5 times, and shorten the consumption of natural gas by 60 million cubic meters. The mill will create 700 new jobs. The launch of INTERPIPE STEEL will become a new reference point in the cultural history of Ukraine and the city of Dnipropetrovsk. Along with the mill, the city will get a new symbol - Olafur Eliasson's art project "Dnipropetrovsk Sunrise".