Metalloinvest extracts iron ore from the world’s second largest
measured iron ore reserve base with approximately 13.9 billion tonnes of proven and probable reserves on a JORC (IMC Montan) equivalent basis with about 137 years of reserve life.
The group process large part of its iron ore production into high added value products, such as pellets and HBI/DRI.
With over 52000 employees, two Iron Ore production facilities (Lebedinsky GOK and Mikhailovsky GOK), two Steel Mills (Oskol Elektrometallurgical Plant and Ural Steel) and a Ferrous Scrap subsidiary (Ural Scrap Company), Metalloinvest produced 40.4 mn tonnes of Iron Ore, 7.8mn tonnes of HBI & DRI, 27.6mn tonnes of Iron Ore Pellets and 5mn tonnes of Crude Steel in 2020.
On 28 February 2021, Metalloinvest’s parent company USM and Mikhailovsky GOK signed a contract with a consortium of Midrex Technologies and Primetals Technologies to build the world’s most modern and largest HBI module with over 2mn tonnes of production capacity.
In line with Metalloinvest’s commitment to green steelmaking the new plant will be the most environmentally friendly technology for ore-based ironmaking, and capable of using “green” Hydrogen as reducing agent.
Founded in 1847 as a mine operator, we are also the largest producer of iron ore pellets in North America. In 2020, we acquired two major steelmakers, AK Steel and ArcelorMittal USA, vertically integrating our legacy iron ore business with quality-focused steel production and emphasis on the automotive end market. Our fully integrated portfolio includes custom-made pellets and hot briquetted iron (HBI); flat-rolled carbon steel, stainless, electrical, plate, tinplate and long steel products; as well as carbon and stainless steel tubing, hot and cold stamping and tooling. Headquartered in Cleveland, Ohio, we employ approximately 25,000 people across our mining, steel and downstream manufacturing operations in the United States and Canada.
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