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Severstal Reconstructing Shaft Furnace at Cherepovets

Steel News - Published on Fri, 21 Feb 2020

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Russian steel giant Severstal is reconstructing shaft furnace No 1 in the electrical steel smelting and processing production facility at Cherepovets Steel Mill. Italy’s Danieli will supply both the basic and complex engineering solutions for the project, as well as its main processing equipment. The flexible steelmaking unit will have an annual design capacity of 1.3 million tonnes of steel. In addition to this, the unit will produce the same volume of steel as the existing shaft furnace No 2, using a combination of 85% liquid pig iron and 15% scrap.

The total investment will amount to about 3 billion rubles. The project is fully in line with the Company's fundamental strategic priority of achieving cost leadership, and will be implemented within the framework of the announced investment plan for the current year. The launch of the refurbished unit is scheduled for Q4 2020.

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Posted By : Rabi Wangkhem on Fri, 21 Feb 2020
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