Lucchini Group,
Italy, considers the installation of HR mill at Piombino works in
Italy, a spokesman of the company announced.
Severstal-Group, the biggest Lucchini's shareholder, will receive the preliminary results of a feasibility study in the near future.
Now Piombino lacks hot rolling capacities, and its
production of around 400,000 of slabs per year has to be re-rolled at
Severstal North America. After the installation of the new mill, the slabs would be rolled at works.
The installation of HR mill will cut transportation cost.