MOSCOW, Dec 17 (PRIME) -- Russian metals holding Metalloinvest plans to invest 7 billion rubles in upgrades of the second and third blast furnaces at subsidiary steel producer Ural Steel, Metalloinvest said in a statement on Monday.
The company plans to acquire equipment for the upgrades from Dutch company Danieli Corus. In future, Metalloinvest also plans to upgrade the fourth blast furnace at the plant.
(66.4337 rubles – U.S. $1)
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