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Provider: Reuters Investment Profile
Provider: GlobalData
Provider: GlobalData

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Tulachermet OAO's Parent Company Intends to Commence Brownfield Project to Construct Steelmaking and Rolling Mill

Monday, 16 Sep 2013 08:00pm EDT 

KOKS Group announced that it intends to construct a new steel mill to produce long and structural steel products with the use of modern technologies at its Tulachermet OAO subsidiary. Project capacity of the new mill’s first production stage is expected to be around 1 million tons per annum (p.a.) of continuously casted square billets. 80% of the furnace charge for steel production would be captive hot pig iron with the remaining being cold charge in the form of scrap and other materials. Main technological parameters of the mill are still to be determined. Negotiations have started with potential equipment and technology suppliers such as SIEMENS, SMS GROUP, DANIELI, TENOVA, STG, SYTCO. By autumn 2013 construction site is to be determined and feasibility study is to be completed as well. Construction period of the new mill’s first production stage will be around 3 years. 

Company Quote

10 Jan 2008