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Evraz Completes Modernization at NTMK

11/26/2010 - Evraz Group completed the modernization of its converter shop at NTMK, Evraz’s steel mill in the Urals, Russia. The converter shop’s annual capacity increased by 0.7 million tonnes to 4.5 million tonnes of steel as a result of the modernization.

Evraz Group completed the modernization of its converter shop at NTMK, Evraz’s steel mill in the Urals, Russia. The converter shop’s annual capacity increased by 0.7 million tonnes to 4.5 million tonnes of steel as a result of the modernization.
 
Reconstruction of converter No. 4 and caster No. 3 was the last stage of a large-scale modernization project. The total cost of the modernization of the No. 4 converter amounted to 1.6 billion roubles (approx. US$50 million); the modernization of caster No. 3 totaled 1.7 billion roubles (approx. US$55 million).
 
The NTMK steelmaking facilities now consist of four upgraded converters and four continuous casting machines. Implementation of gas cleaning and extraction equipment significantly decreased emissions at the converter shop, according to Evraz.
 
The total investment in the converter shop modernization was 9.7 billion roubles (approximately US$310 million).
 
Alexander Frolov, Evraz’s CEO, said, “Following its modernization, NTMK now has advanced converter production facilities which meet current standards. This investment in the steelmaking facilities will reduce cash costs of steel production at NTMK and provides a cleaner and safer environment for the workforce.”