Germany-based plantmaker SMS Group has announced that it will revamp Russian steel producer Magnitogorsk Iron & Steel Works’ (MMK) hot strip mill 2500 at its plant in Magnitogorsk. The project includes the extensive modernization of the finishing train equipment and the installation of a new automation system. The modernization is scheduled to be completed in four shutdown periods by mid-2020.
With the modernization of the mill, which is a part of MMK’s strategy for 2025, the company aims to expand its product portfolio and reduce its production costs, and its rolling mill capacity will be increased by 500,000 mt per year.