Severstal plans to build a new coating workshop in Cherepovets

OJSC Severstal, one of the world's leading steel and mining companies, has launched a project to build a new coating workshop at the Cherepovets Metallurgical Plant. The total investment in the project will exceed 6 billion rubles. The complex of metal coatings will consist of a hot-dip galvanizing line (ANGTs) with an annual production capacity of 400 thousand tons and a polymer coating line (APC) with a production capacity of 200 thousand tons per year. A certain share of the production of the new ANGC will be used as material for the new AMS. This project will help to equalize the current imbalance between supply and demand in the domestic market, and is also associated with the development of new coated rolled products intended for household appliances, including professional gas, induction and electric cookers, for more details see http://pizzagroup.ru/catalog/equipment/the_thermal_equipment/plate /. One of the most important tasks for Severstal is considered to be the replacement of most of the import supplies to Russia, which are often of poor quality. Another advantage of import substitution is the development and promotion of its own brand products, including Steel Silk and Steel Velvet, which will also be produced on new units. Sergei Toropov, General Director of Severstal Russia, said that this project will be a priority from a strategic and economic point of view. With the implementation of this project, the production of highly profitable coated products with mutually low profitable cold-rolled products should increase. Completion of the project will allow Severstal to increase its share of the coated product market in Russia.