The Russian metallurgical company Ruspolymet has signed an agreement of intent with Italian producer of steelmaking machinery and plants Danieli for the construction of a rebar rolling mill in the town of Kulebaki in Russia's Nizhny Novgorod region.
The new mill, with an annual capacity of more than 300,000 mt, will have a full production cycle, including an EAF, and is to be commissioned in 2015. The total investments in the project are estimated at Ruble 6.3 billion (about $202 million).
Meanwhile, on June 24 this year Ruspolymet commissioned the largest ring rolling mill in Russia, supplied by German-based SMS Meer GmbH, which will allow it to produce rings of up to 6,000 mm in diameter, of up to 1,200 mm in height and with mass of up to 12 mt, for the needs of the aerospace, shipbuilding, chemical, transportation, power and heavy machine manufacturing industries. The investments in the project amounted to Ruble 1.1 billion (about $35 million).