Severstal to build new BF, no pig iron sales expected

Russian steelmaker Severstal plans to start construction of new blast furnace in 2019, using additional volumes of pig iron for its own needs, chief financial officer Alexey Kulichenko said in a conference call on February 5.

The new BF No3 will have nominal capacity to produce 2.9 million tonnes per year of pig iron, with the start-up expected in 2021.

“We do not intend [to start shipping pig iron to the market]. The whole program of building this blast furnace and its timing is to balance - in...


Marina Shulga

February 06, 2019

12:00 GMT