Severstal, one of the largest Russian steel producers, has launched Izhora
Pipe Plant (IPP), an industrial complex for
production of large diameter pipes for oil and gas pipeline, on Friday.
The annual
production capacity at IPP is 600,000 tons of single-seam welded pipes with diameter from 610 to 1420 mm, wall thickness of up to 40 mm and
pipe length of up to 18.3 meters.
The total amount of
investments put in the project equaled to approximately $600 million.