Russian steel mill Severstal announced the completion of a major overhaul program for its converter steel production at the Cherepovets Iron and Steel Works (CherMK), a key asset of the company.
Work completed in accordance with the equipment shutdown schedule covered converter No. 3, ladle furnace No. 1, steel vacuum unit and continuous steel casting units No. 2 and No. 5. Severstal said the program is aimed at reducing downtime, increasing production efficiency and ensuring equipment reliability.
The total cost of the overhaul was 843 million rubles ($11.5 million). According to the company, the project will also help improve working conditions, product quality and compliance with environmental standards.
Severstal added that its own divisions and key contractors from the Vologda region, where CherMK is located, were involved in the repair work.
