Severstal to invest roughly 310 million rubles into massive plate

Severstal, one of the largest world vertically integrated steel-smelting and mining companies, will invest roughly 310 million rubles into development of massive plate production in 2013.

As for other investment events – upgrade of a radiation thickness gauge in flat rolled products shop №3 (LPC-3) to the amount of about 3 million rubles was carried out. This allowed the plant to increase the productivity in automatic rolling and decrease sorting by inconsistency. The reconstruction of the controlled cooling of the mill 5000 LPC-3 in the amount of about 62 million rubles is in the process. Its launch will improve the quality of products and reduce the costs of the production.