Russia-based Ural Mining and Metallurgical Company (UMMC) has announced that its subsidiary Serov Steel Works has commissioned operations at its new ferroalloys preparation facility.
The new ferroalloys preparation facility will allow Serov Steel Works to prepare up to 100 percent of the ferroalloys it needs, and to fully provide its electro-smelting facilities with alloying materials. "The site will be able to prepare up to 60 mt of ferroalloys per day, but until the situation improves, it will be working for the current needs of the plant," states the company in its release.
In addition, with the commissioning of its new ferroalloys preparation facility, Serov Steel Works will be able to save up to Ruble 1 million (approx. $32,000) monthly, as ferroalloys will be purchased at lower cost and brought to the required parameters at the plant. Moreover, the control of percentages of materials used and of quality will allow Serov Steel Works to reduce losses of valuable alloying materials. Meanwhile, due to the elimination of moisture from ferroalloys, the plant will be able to increase the quality of its steel.
Serov Steel Works' new ferroalloys facility has cost about Ruble 49 million (approx. $1.6 million) in investment, and includes a new jaw crusher, a new screen and a new drying drum.
Serov Steel Works is an integrated iron and steel works which has its own raw material base and manufactures more than 200 grades of high quality steel and other types of steel products.