Evraz halts production at its rebar mill in Kazakhstan

Russian mining and steelmaking company Evraz Group has announced it has suspended production at its rebar rolling mill in Kostanay, Kazakhstan, launched in late 2013 with an investment of $131 million, due to low seasonal rebar demand and unfavorable market conditions. The project was implemented by TOO Evraz Caspian Steel, a joint venture 65 percent owned by EVRAZ and 35 percent by Kazakhstani company Caspian Group. 

 

The rolling mill annually produces 450,000 mt of rebar of various lengths with 10-40 mm diameter using billets supplied by EVRAZ ZSMK, and it also produces a unique EVRAZ rebar A500 (SP) that allows savings of up to 25 percent on metal during construction works.