Russian mining and steel producing company Evraz has announced that it has completed the construction of and launched its rebar rolling mill in Kostanay, Kazakhstan. The investment project has been implemented by TOO Evraz Caspian Steel, a joint venture 65 percent owned by EVRAZ and 35 percent by Kazakhstani company Caspian Group.
The new rolling mill has a production capacity of 450,000 mt of rebar per year, while the investment in the mill amounted to $131 million. It will produce rebar of various lengths with diameter from 10 to 40 mm using billets supplied by EVRAZ ZSMK. The rolling mill will also produce a unique EVRAZ rebar A500(SP) that allows savings of up to 25 percent on metal during construction works.
According to Evraz, products from the mill will be delivered to the Kazakh market, which has been demonstrating steady growth in the past few years, as well as to other countries in Central Asia.