NLMK Group launches new pelletizing plant at Stoilensky

Wednesday, 30 November 2016 11:44:18 (GMT+3)   |   Istanbul
       

Russian steelmaker NLMK Group has announced that it has started production at the new pelletizing plant of its iron ore subsidiary Stoilensky. The launch of the new pelletizing plant will enable NLMK Group to reduce its costs of iron ore used in blast furnace operations at the company’s Novolipetsk steelmaking plant, which will result in lower cash cost of NLMK steel. The positive impact of the project on EBITDA exceeds $150 million at current prices. Total investment for the project is around $680 million.

The new pelletizing plant has a design capacity of 6 million mt of pellets per year. The equipment installed allows for a further 20 percent expansion of this capacity to reach 7.2 million mt of pellets per year. The plant is expected to achieve its design capacity in the first quarter of 2017.

According to NLMK Group, the concept behind the design of the pelletizing plant is that of an environmentally friendly, waste-free facility, in which waste charge material and captured dust are introduced back into production. The project has also created 270 new jobs.

Similar articles

Goa government to ease policy for liquidating iron ore dumps lying on private land

28 Mar | Steel News

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

Brazilian high-grade iron ore price declines sharply in two days

27 Mar | Scrap & Raw Materials

Daily iron ore prices CFR China - March 27, 2024

27 Mar | Scrap & Raw Materials

India’s JSPL takes operational charge of iron ore complex in Venezuela

27 Mar | Steel News

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

Vale selected to begin award negotiations for US briquette plant

26 Mar | Steel News

Daily iron ore prices CFR China - March 26, 2024

26 Mar | Scrap & Raw Materials

India’s SEML subsidiary secures mining rights to iron ore block

26 Mar | Steel News