Severstal invests about 7 bln roubles into flat rolled products output in 2016

​Severstal will invest about 7 bln roubles into the production of flat rolled products at the Cherepovets metallurgical plant in 2016.

The major part of funds – 5.2 bln roubles – will be invested into the construction of the metal coating shop #3. It will comprise the continuous hot zincing machine with the capacity of 400 thousand tons a year and a line of polymer metal coating with the productivity of 200 thousand tons a year.

Today the project is at the active stage of realization. The total budget of construction of the metal coating shop #3 is over 7 bln roubles, its completion is planned for 2017.

The company also invests about 590 mln roubles into the reconstruction of the 4-part cold rolling mill. The project with the value of over 3 bln roubles is at the final stage: in May the mill was put into operation. By means of reconstruction the output of cold rolled plates will increase by 200 thousand tons a year (+20% to the annual volume), the assortment of products will grow and the quality will significantly improve.