29
Jun
12:25
MMK signs deal for new blast furnace
Russia’s MMK and Paul Wurth have signed a contract for the construction of a new blast furnace, No.11, the steelmaker says.
Total investment will be around $690 million, Kallanish notes. The project is expected to take 3.5 years and the internal rate of return (IRR) is around 30%.
The construction of the BF No.11 complex represents a ground-breaking development for blast furnace production at MMK, the producer claims. “This will allow three operating …
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