You are here: Home > Steel News > Latest Steel News > Feralpi...

Feralpi Group to invest €21 million in German and Italian facilities

Thursday, 09 February 2012 17:31:06 (GMT+3)   |  
       

Italian long steel producer Feralpi Group has announced that in 2012 it will fund upgrading and revamping works at three electric arc furnace (EAF) mills, in Riesa, Germany, and in Lonato del Garda and Calvisano, Italy.

€15 million have been allocated for the construction of an EAF heat recovery system at the German-based steel mill Elbe Stahlwerke Feralpi GmbH, as previously reported by SteelOrbis, while the upgrade of the Lonato del Garda, Brescia-based EAF to an annual production capacity of 1.2 million mt will cost the group €4 million. In addition, Feralpi will spend another €2 million to ease slag handling and improve production of special steel grades at its Calvisano, Brescia-based steel mill. The total allocated budget for these projects amounts to €21 million.
 


Similar articles

H-beam prices in local Chinese market - week 45, 2024

05 Nov | Longs and Billet

Turkish domestic merchant bar prices decline

05 Nov | Longs and Billet

Local Turkish official wire rod prices follow diverse trends

05 Nov | Longs and Billet

Local Indian rebar prices under pressure amid sluggish post-holiday trade

05 Nov | Longs and Billet

Major steel and raw material futures prices in China – November 5, 2024 

05 Nov | Longs and Billet

Local wire rod quotations in Indian market - week 45, 2024

05 Nov | Longs and Billet

Turkish domestic rebar spot prices mostly stable in local currency

04 Nov | Longs and Billet

Chinese domestic steel section prices follow downward trend

04 Nov | Longs and Billet

Local Chinese longs prices decline, but expectations rather positive

04 Nov | Longs and Billet

Russia’s Evraz launches two new brands for rebar and I-beams

04 Nov | Steel News