Story | Iron & Steel Industry

LGOK HBI-3 Plant Launch Named Most Important Event of the Russian Steel Industry in 2017

December 31, 2017

The third hot briquetted iron production facility (HBI-3 Plant) at Metalloinvest’s Lebedinsky GOK has won the “Main Event in the Russian Steel Industry 2017” competition. The HBI plant was launched in July 2017.

The Lebedinsky GOK HBI-3 Plant, one of the most powerful HBI production facilities in the world with an annual capacity of 1.8 million tons, was awarded highly supportive assessments by independent experts, including managers of sector unions and associations within the steel, mechanical engineering and construction industries, as well as scientific and research organizations. Over 400 jobs for highly-qualified professionals have been created at the HBI-3 Plant.

In order to support production volumes of the three HBI plants now operated by LGOK in Gubkin, Russia, the Company has carried out modernization of its beneficiation plant and pelletization plants. This will enable Metalloinvest to increase high-quality concentrate and pellet production volumes.

Andrey Varichev, CEO, Management Company Metalloinvest, commented, “The HBI-3 Plant is Metalloinvest’s most important investment project. The launch of the facility is strengthening the Company’s position as the leading global supplier of HBI, the premium metallized raw material for high-quality steel production.”

“The increase in HBI usage in the iron and steel industries also serves to reduce the sector’s environmental impact,” Varichev said. “HBI production is the most environmentally-friendly method of producing iron from ore.”

The “Main Event in the Russian Steel Industry” competition was founded in 2011, and aims to support and publicize innovative projects within the industry. The largest investment projects implemented in the industry are nominated for the competition. Earlier this year, the HBI-3 Plant received the “Investment Project of the Year” prize at the Russian Mining Excellence Awards 2017.