Russian steelmaker Severstal has announced that it has started the construction of the heating furnace No. 3 at the rolling mill 2000 of its Cherepovets plant, entailing an investment of over RUB 6 billion ($63.60 million).
According to the company, the third heating furnace will improve product quality and energy efficiency as well as increase the production volume. In addition, the new equipment will have a more efficient thermal management system that will allow Severstal to reduce gas and metal consumption. The heating furnaces No. 1 and No. 2 at the mill in question, which were modernized in 2021 and 2022, have the same features. The company will also use its own fire-resistant blocks during the construction to protect the furnace structures from high temperatures.