The project for the
construction of a new electrometallurgical plant for the
production of long steel products in the town of Surovikino in
Russia's Volgograd region was agreed at the VIII International Investment Forum Sochi 2009, held on September 17-20 in the southern Russian city of Sochi.
The
construction of the new plant, which will have an annual capacity of 120,000 mt of finished products per year is planned to be started in 2010, and is aimed at ensuring quick deliveries in Volgograd and adjacent regions of
rebar, hardware, mesh and other types of steel products necessary for the
construction sector. Surovikino was chosen as the location of the electrometallurgical plant due to the presence of the necessary raw material (agricultural
scrap) and due to convenience of transportation and infrastructure.
As SteelOrbis previously reported, the project for the
construction of the plant was presented at the forum by the Russian company TESO Engineering, specialized in the modernization and
construction of steel producing facilities. New innovative technologies are to be applied during the implementation of the project which is to cost about Ruble 1 billion (approx. $32.93 million).