Severstal has signed a binding agreement to sell Severstal – Bar Works Balakovo to Abinsk Electrometallurgical Works LLC for $215 million. The deal is expected to be finalized in H1. After the sale the group will concentrate on the manufacture of steel at its main asset – Cherepovets Iron and Steel Works. Bar Works Balakovo…
Severstal – Bar Works Balakovo has finished scheduled capital repairs of the main and auxiliary machinery. The cost of the repair exceeded 40 million rubles. The repair covered machinery in the electric steel smelting shop. (Ukrainian metal)
Severstal – Bar Works Balakovo is carrying out an investment project to construct a new machine – a press to briquette metal shavings. The construction began in 2018. Machinery was supplied by ATM, Austria. The cost of the project is 145 million rubles. The line will yield 40 thousand tons of shavings briquettes per year…
5 years ago Severstal – Bar Works Balakovo produced its first steel. Since then 3.5 million tons of steel have been produced. The mini-mill comprises three rolling mills in one. The plant produces rebars and sections – altogether over 40 types and sizes. The company can also produce continuous cast billet with the size of…
Severstal – Bar Works Balakovo is constructing a line to produce briquettes of steel and pig iron swarf. Investments in the construction total some 145 million rubles. The manufacture of the first briquettes is scheduled for late March. Machinery was delivered by ATM, Austria. (Ukrainian metal)
In 2018 Severstal – Bar Works Balakovo produced 904 thousand tons of steel, up by 15.5% YoY. Bars output grew by 19.8%, to 807 thousand tons. Last year the company sold 804 thousand tons of metal, up by 19%. 96% of the products were sold domestically. Since its commissioning the works has produced and sold…
In October Severstal – Bar Works Balakovo sold 71.5 thousand tons of steel products, down by 22% YoY. The plant set a record in output of 74.5 thousand tons per month in May. In January-October the company shipped 705.7 thousand tons of steel via railroad, up by 20% YoY. Local customers received 608.6 thousand tons,…
Severstal – Bar Works Balakovo has completed a scheduled capital repair of machinery. The total cost of the work exceeded 80 million rubles. The specialists carried out repair in the electric arc, bar-rolling and machinery shops. “The main work focused on the restoration of the initial parameters of the machinery lost during operation. The repair…