Russian steel producer Severstal has announced that it has started to implement a set of measures for improving the technology of the redistribution and the use of new raw materials, which allows the company to achieve high volume production of pig iron at the lowest cost. In this context, Severstal began to use a new type of raw material, magnesia pellets, with a high content of iron to replace the iron ore concentrates with a high content of magnesium used in the production of sinter at its Cherepovets steel mill.
The company stated that in the current market conditions, when the price of iron ore materials is unstable, Severstal’s goal is to strengthen the raw material security holding.
Severstal also increased the volume of ore processing at its Karelian Okatysh iron ore complex, thanks to the modernization of equipment and beneficiation plant. In addition, with the expansion of finished goods warehouse, the company is able to offer quick shipment.