kramatorskaja In the shops of PJSC "EMSS" work continues on the production of reference rolls for the Indian steel company, Essar Steel. Another shipment of the equipment took place in October of this year. Total delivery weight 73 tons. This is the third party backup rolls, which this year put the plant "Energomashspetsstal" its Indian partner. Today in India sent ten products. Two support roll will be shipped to the customer by the end of 2019.
the Contract between PJSC "EMSS" and Essar Steel for the manufacture and delivery of 12 back-up rolls for cold mills and hot rolling was signed in 2018. The total weight of the order – 461,55 tons.
Essar Steel India Limited is a fully integrated flat carbon steel manufacturer — from iron ore to finished products on the market — with the current production capacity of 10 million tons per year. The company provides steel products for use in machinery, shipbuilding, automotive, construction, Railways, household appliances, pipelines, wind engineering and power generation, boilers and pressure vessels.
Essar Steel is one of the 12 system of large non-performing assets (NPA), which came under the control of the National Bank of India and was declared insolvent. The bankruptcy of the company occurred at the end of 2015 due to the unfortunate coincidence of falling international prices for steel, higher prices of natural gas in India, the explosion of shlamoprovoda, deprived of metallurgical works company raw materials for the long term. However, in 2018, when India imposed restrictions on steel imports and the local market is on the rise, Essar Steel has returned to profitability.
Today it became known that the control of Essar Steel will be transferred to the consortium of companies ArcelorMittal and Nippon Steel before the end of this year, after the Supreme court of India endorsed by these companies restructuring plan.
