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Severstal optimizes export logistics

Wednesday, 29 June 2011 17:54:49 (GMT+3)   |  

Cherepovets Steel Mill, a subsidiary of Russian steelmaker Severstal, has started a project to create a logistics warehouse for rolled steel, costing a total of Ruble 165 million ($5.9 million), in order to reduce transport costs for exported products.

In accordance with the project, the company plans to construct infrastructure with special platforms coverning a total area of 9,900 square meters at the industrial port of Cherepovets Steel Mill.

The logistics warehouse will have a total capacity of 160,000 mt of steel products.The project wil be completed in the third quarter of 2012.