Russia to have new 1-mln tpy rail-rolling mill by 2024-25, MEIS hears

Novostal-M, the owner of Russia’s Abinsk Electric Steel Works and Balakovo Steel Mill, is working on the construction of a rail-rolling mill at the Balakovo site which will have capacity for 1 million tonnes per year, Fastmarkets learned during its Middle East Iron & Steel (MEIS) event.

“The mill will be able to produce beams, 150-meter rails, Larsen sheet piles, Z- and U-sheet piles, mountain profiles and many other [products],” chief executive officer Ivan Demchenko said during the event in Dubai, being held December 6-8.

Investment in the project, projected to come on stream in 2025, was more than $700 million. Demchenko...

Published

Vlada Novokreshchenova

December 07, 2021

19:43 GMT

Dubai