Metalloinvest Increases Exports from New Terminal in Ust-Luga
Russian steel maker Metalloinvest has shipped 2.2 million tonnes of export products from the terminal built by Ultramar at the Ust-Luga port in Leningrad region of Russia. An agreement on the construction of the port was signed at the St Petersburg International Economic Forum in 2019, the project was completed a year later. Expanding the Company’s export capabilities is of particular significance today, when the demand for high-quality iron ore raw materials is increasing in the midst of growing demand for first-rate steel and the tightening of environmental requirements.”
The contract for the transhipment of iron ore raw materials through the new terminal in Ust-Luga between Metalloinvest and Ultramar was signed during the St Petersburg International Economic Forum 2019. The agreement provided for the construction of a terminal, railway tracks, storage areas and a pier for Panamax-type vessels. In October 2020, the first product shipment was made from the port.