14,369.61 TRY BIST 100 BIST 100
52.93 EUR EUR EUR
45.19 USD USD USD
6.65 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
41.22 TRY Interest Interest
113.51 USD Fossil Oil Fossil Oil
5.90 USD Copper Copper
106.35 USD Silver Silver
108.17 USD Iron Ore Iron Ore
378.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,600.07 TRY Gold (gr) Gold (gr)
107.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Severstal signs a contract with a Chinese company for pellet production

Russian iron and steel giant Severstal took an important step for the production of iron ore pellets in Cherepovets. The company signed a contract with a Chinese company for the supply of equipment for the construction of a complex that will produce 10 million tons of iron ore pellets per year at the Cherepovets Metallurgical Plant (CherMK).

Severstal signs a contract with a Chinese company for pellet production

Severstal's CEO Alexander Shevelev stated that this investment project, worth 97 billion rubles, is the company's most important and largest investment. As part of the project, the main technological equipment will be supplied for the construction of the complex, which will produce 10 million tons of iron ore pellets per year. These equipment will play a critical role in production processes such as grinding iron ore materials, mixing and pelletizing the prepared charge, roasting and separating the finished product.

Another goal of the investment project is to increase environmental sustainability. The project will help the company achieve its environmental goals through technological changes in the reduction of atmospheric pollutants and decarbonization. Alexander Shevelev emphasized that the best technologies will be used in the construction of this complex and solutions will be offered to ensure environmental safety and effective environmental protection.

The first deliveries of the equipment are planned to be made in the 4th quarter of 2024. While preparatory work is currently ongoing at the site, construction of the new workshop is expected to begin in January 2024. This project stands out as an important step within the framework of Severstal's environmentally friendly production strategy.

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

Iran claims it struck a U.S. warship in the Strait of Hormuz

Monday, May 4, 2026

Kardemir shares hit the upper limit

Monday, May 4, 2026

AM/NS India commissions automotive steel production line at Hazira

Monday, May 4, 2026

UAE says ADNOC tanker targeted by drones in the Strait of Hormuz

Monday, May 4, 2026

U.S. launches countervailing duty investigation into wire rod imports from Algeria

Monday, May 4, 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