Trade Resources Industry Views Severstal Planned to Invest US$6.4 Million to Upgrade Equipment

Severstal Planned to Invest US$6.4 Million to Upgrade Equipment

It's reported that the Russian steel producer Severstal planned to invest US$6.4 million to upgrade equipment including a Sever-6 type ultrasonic testing (UST) unit and a controlled cooling unit (CCU) at the plate rolling facility No. 3 of Cherepovets Steel Mill. The project is expected to improve the quality of heavy plates intended for pipe production at Severstal's Izhora Pipe Mill in Kolpino near Saint Petersburg. Severstal also pointed out that the production will provide South Stream and Power of Siberia, two major Russian oil and gas projects.

Source: http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=64591&division=A9
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Severstal Invests $6.4 Million to Upgrade Heavy Plate Quality