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The project, which is worth over RUB 12 billion ($164.32 million), will enable the production of thin high-strength steel with increased corrosion resistance.

The equipment for the unit was produced by Italy-based Tenova. Process equipment installation is planned for the third quarter this year.

Currently, NLMK Lipetsk has an annual galvanized steel production capacity of 1.25 million mt at its four lines.