Donetsk water purification station recaptured from Ukrainian radicalsWorld February 26, 15:24
Russian skiers Ustyugov, Kryukov win team sprint at World ChampionshipsSport February 26, 15:23
Opposition activist Dadin sentenced for disorders at rallies leaves jailRussian Politics & Diplomacy February 26, 12:58
Aerospace Force chief says Russian army to get new combat jets and helicoptersMilitary & Defense February 26, 11:15
Mistura says Homs terror attacks attempt to derail Geneva talksWorld February 26, 5:49
Where to watch unique solar eclipse and spectacular ‘ring of fire’Science & Space February 26, 3:24
HNC expects Trump to correct Obama's mistakes in Syria - delegation headWorld February 26, 3:08
War on terror to dominate Geneva talks — Syrian UN envoyWorld February 25, 23:48
Russian skier wins gold in skiathlon at 2017 FIS Nordic World Ski ChampionshipsSport February 25, 17:46
MOSCOW, December 20. /ITAR-TASS/. Steel making and mining company Evraz plc (UK) mainly operating in Russia has finished a 30-month construction project and commissioned a new light-section facility in Kostanay, the Republic of Kazakhstan, the company reported.
The investment project has been implemented by Evraz Caspian Stal, a joint venture with its 65 percent owned by Evraz and 35 percent held by the Kazakh Caspian Group.
The $131-million rolling mill with a planned capacity of 450,000 tonnes of rebar a year, with bar steel to be supplied by Evraz ZSMK (Kemerovo region), will produce rebar of various length with diameters ranging from 10 to 40 millimetres for sales on the Kazakh market, which has demonstrated steady growth recently, and other Central Asian countries, the report goes.
“Together with our partners we have constructed a modern mill to produce high-margin products in strong demand in Central Asian markets. Among the advantages of the new rolling mill is its technological link with EVRAZ ZSMK,” said EVRAZ CEO Alexander Frolov.
Evraz is one of the world’s largest vertically integrated steel making and mining companies with assets located in Russia, Ukraine, Europe, the US, Canada, and South Africa employing over 110,000. Last year Evraz reduced steel output 4.9 percent to 15.9 million tonnes, and output of steel products - by 4 percent to 15.7 million tonnes.