Severstal: the reconstructed mill-1700 to start working in 2016

​In Jan-June 2015 Severstal invested over 4 bln roubles into the division “Severstal Russia Steel”. The majority of funds was spent for the projects of modernization and technical retooling of the main production funds, in particular, for reconstruction of aggregates and realization of ecological measures.

The technical retooling of the 4-cage mill-1700 required significant expenditure – 162.2 mln roubles. This project with the total capacity of over 2.5 bln roubles will allow to increase the output of cold-rolled plates by 0.2 mln tons a year. The new mill is planned to be launched in 2016. A part of funds was spent for the business development projects. It will comprise a continuous hot zincing machine with the capacity of 0.4 mln tons a year and a metal polymer coating machine with the capacity of 0.2 mln tons a year. The company spent 79.7 mln roubles for the realization of the project in H1, its total value is over 6 bln roubles, Severstal reports.