Novolipetsk Steel signs contract to purchase cold-rolling reversing mill
The facility is designed to process strips of high-strength carbon steels and will ensure production of a new steel product applicable in the automotive and construction industries.
The mill installation at the site in Lipetsk is scheduled for 2011 as part of Phase 2 of NLMK’s Technical Upgrading Programme.
The main objectives of Phase 2 of NLMK’s Technical Upgrading Programme for 2007 – 2011 include:
- Increase crude steel output from 9 to 12.4 million tpa.
- 100% self-sufficiency in key raw materials.
- Higher finished flats output from 5 to 9.5 million tpa, as a result the refurbishment of NLMK’s existing rolling facilities and the acquisition of new rolling assets.
Total investments into the 2nd stage of NLMK’s Technical Upgrading Programme will exceed USD4.0 billion by 2011. For more information about Novolipetsk Steel visit our web-site: www.nlmksteel.com