Severstal has concluded an agreement on the delivery of the main machinery for the modernization of the automatic pelletizing system in bell furnaces at Cherepovets Iron and Steel Works.
Under the first stage of the investment project the company will replace the automatization system at 40 hydrogen stands of bell furnaces.
The equipment will be supplied by LOI (Germany).
The total cost of the project exceeds 170 million rubles. (Ukrainian metal)