Severstal to increase production of cold-rolled and galvanized metal
Edited by Rhod Mackenzie / 2015-06-03 11:08:20
In 2015, Severstal will invest 2.5 billion rubles in the development of rolling mill at the Cherepovets metallurgical plant.
The most significant amount - about 1.7 billion rubles - is aimed at a project on modernization of four stand mill 1700. This year, a supplier of equipment - German company SMS Siemag – will supply full technological equipment to CherMK. In addition, it is planned to perform the bulk of the construction and installation work in before stopping period. The total cost of the project is more than 2.5 billion rubles. It will increase the production of cold-rolled sheet by 200 thousand tons per year and thereby extend the supply of metal to automakers. New mill is scheduled to be launched in 2016.
