Russian mining and steel producing company Evraz Group has announced a new blast furnace construction project at its Nizhny Tagil-based subsidiary Evraz NTMK.
According to the company’s statement, it continues to invest in the development of its steel production in Nizhny Tagil, despite the unfavorable market situation. The construction of a new blast furnace No. 7 is an alternative to the halting of blast furnace No. 6 for first category repairs. It will provide an opportunity to maintain the production of pig iron at Evraz NTMK at 5 million mt per year.
The volume of the new furnace will amount to 2,200 m3 with a production capacity of 2.5 million mt of pig iron per year and the introduction of the new technologies will help to significantly reduce the impact on the environment and will improve labor conditions in the blast furnace shop. The company's investments in the construction of the new blast furnace will not exceed $170 million.