14,610.92 TRY BIST 100 BIST 100
56.14 EUR EUR EUR
48.12 USD USD USD
7.20 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
39.91 TRY Interest Interest
87.04 USD Fossil Oil Fossil Oil
6.60 USD Copper Copper
106.26 TRY Silver Silver
98.40 USD Iron Ore Iron Ore
377.25 USD Shipbreaking Scrap Shipbreaking Scrap
6,089.00 TRY Gold (gr) Gold (gr)
98.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Severstal will increase its thick plate and high-strength steel production capacity

Severstal, one of Russia's largest steel and mining companies, has started construction of a gas chamber furnace for metal heat treatment at the Cherepovets Steel Plant (CherMK) at a cost of approximately $4,480,000.

Severstal will increase its thick plate and high-strength steel production capacity

Severstal has started construction of a gas chamber furnace for heat treatment of metal at the flat-rolled products production facility of the Cherepovets Steel Plant (CherMK). The new equipment will increase production volumes of thick plate high-strength sheet metal by heat treatment at Mill 2800.

The investment project, worth approximately $4,480,000, aims to expand heat treatment capacity and increase production of high-strength steel grades such as Powerweld and Powerhard, whose production increased by 24% in 2023. Modern heat treatment equipment will reduce natural gas consumption and CO2 emissions.

The project includes the assembly of the metal frame and cladding of the furnace, the installation of power equipment and the installation of a metal loading and unloading device. An automatic pressure and sealing control system will ensure process safety.
The manufacturer of the new furnace is a local company. The general subcontractor is finalising the foundations for the main process equipment. The construction and installation works are scheduled to be completed in the second half of 2024.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Liberty Steel Dalzell resumes rolling with slabs imported from Kazakhstan

Thursday, August 27, 2026

Tosyalı Holding continues to expand its production capacity with recent investments

Thursday, August 27, 2026

JSW Steel orders galvanizing line from ANDRITZ for automotive steels

Thursday, August 27, 2026

Tata Steel accelerates decarbonisation journey with 72.5 MW solar project

Thursday, August 27, 2026

Global stainless steel production increased by 5% in the first half

Thursday, August 27, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now