Baku Steel orders news electric arc furnace from Siemens VAI
Tags: Austria , Azerbaijan , CIS , Europe , investments , steelmaking , European Union | similar articles »
Austria-based plantmaker Siemens VAI Metals Technologies has announced that Azerbaijani structural steel producer Baku Steel has placed an order with it for a new 50-ton electric arc furnace.
The order worth €7 million is part of an expansion project aimed at increasing Baku Steel's production capacity to around 1.1 million mt of steel per year. Siemens will also supply mechanical equipment for a ladle furnace and a waste gas cleaning system, which will reduce the emissions of the steel works to European standards.
The project is scheduled to be completed in April 2013.
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