08
Dec
12:40
Severstal contracts Chinese pellet plant, mulls merchant sales
Severstal has contracted a Chinese company to supply the main equipment for an iron ore pelletising plant at Cherepovets (CherMK), Kallanish notes. Once the plant is commissioned, the firm may have excess pellet capacity to supply the merchant market.
The investment, valued at RUB 97 billion ($1.06 billion), aims to establish a production capacity of 10 million tonnes/year of iron ore pellet (see Kallanish passim).
The launch of the new complex and production its…
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Anonymous
Very good overview of the weekly steel market.
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