Bloomberg News

Ural Mining to Start Up $675 Million Russian Steel Mill in 2013

July 05, 2012

Ural Mining & Metallurgical Co. plans to start up a 22 billion-ruble ($675 million) steel mill in Russia’s oil-rich Tyumen region in the first quarter of 2013, Chief Executive Officer Andrey Kozitsyn said.

Russia’s largest copper producer, controlled by billionaire Iskandar Makhmudov, plans 545,000 metric tons of steel-product capacity a year in Tyumen, the company said in a statement.

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus