Russian steel and pipe producer OMK has announced that by the end of 2012 its foundry and rolling facility plans to commission a new shredded scrap production plant with a capacity of one million mt per year.
The equipment will be supplied by Germany-based mechanical engineering company Metso Lindemann GmbH, following a tender which ended in November. It is planned that construction work preparations will begin next spring.
"The use of shredded scrap will allow the foundry and rolling facility to produce a higher quality steel. The commissioning of the (shredder) unit will ensure technological safety of steelmaking production regardless of scrap market fluctuations," reads OMK's statement.