Severstal has invested 6.3 billion rubles to the Russian enterprises

In H1, Severstal Russian Steel invested 6.3 billion rubles into its Russian enterprises including 70% to the projects in the Vologda region. The company allocated over 4 billion rubles of the total volume of investment planned for 2014 into the improving of business efficiency and an increase in production, the maintenance of the major funds and ecological actions at Cherepovets metal works, the CEO of Severstal Russian Steel S. Toropov says.

The list of the large projects aimed at the improving of business efficiency and an increase in production, includes the construction of the utility for the grinding mills production for the satisfying of growing own needs of Severstal raw material enterprises. Within this investment direction, they have nearly completed the projects addressed to the construction complex. They are pipe mills for construction pipe production in the sort rolled steel shop and the crashing and sorting utility in the coke agglomeration blast furnace shop built for production of slag with high durability specifications and for enlargement of scrap yield with high iron content that will be used in other shops for a reduction in expense into commodities production.