Evraz to supply rails to Russian Railways for five years

Friday, 01 June 2012 15:33:26 (GMT+3)   |  
       

Russian mining and steel producing company Evraz Group has announced that it has signed a memorandum of understanding with Russian Railways regarding a five-year contract for supply of steel rails that will come into force in 2013, and will be valid through 2017.
 
Under the scope of the RUR 90 billion contract, Evraz will supply Russian Railways with head-hardened rails up to 100 meters long, which is a new product for Russia and the CIS. The rails are used on high-speed railway lines, and on lines with high levels of traffic.

The final stage of reconstruction of the rail mill at EVRAZ ZSMK is about to be completed. The capacity of the rolling mill will increase to 950,000 mt of rails per year. The total investment in the project is $520 million.

Meanwhile, the ongoing $60 million reconstruction project of the rail mill at EVRAZ NTMK will increase its rail output to 550,000 mt per year.


Similar articles

Asian rebar market seeks new low

29 Mar | Longs and Billet

Taiwan’s import scrap market recovers slightly

29 Mar | Scrap & Raw Materials

Stoppages and slowdowns in southern European longs production

29 Mar | Longs and Billet

Iskenderun-based Turkish mill revises its rebar price

29 Mar | Longs and Billet

Turkish official merchant bar export prices move sideways

29 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 29, 2024

29 Mar | Longs and Billet

Wire rod prices in Taiwanese domestic market - week 13, 2024

29 Mar | Longs and Billet

Domestic rebar prices in Taiwan - week 13, 2024

29 Mar | Longs and Billet

US domestic wire rod prices still soft

28 Mar | Longs and Billet

Wire rod consumption in Mexico increases 6.5 percent in January

28 Mar | Steel News