Severstal says to build 97 bln rbl iron ore pellet plant soon
MOSCOW, Oct 18 (PRIME) -- Russian steel producer Severstal will start building a 97 billion ruble iron ore pellet plant in the city of Cherepovets in January 2024, the company said in a statement on Wednesday.
"Severstal will build a plant producing iron-ore pellets on the territory of the Cherepovets Steel Mill (the key asset of Severstal)… The construction of the new line is planned to start already in January 2024," the company said.
The capacity is to amount to 10 million tonnes of pellets per year. The key equipment will be bought from a Chinese company.
(97.3458 rubles – U.S. $1)
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18.10.2023 12:35