EBRD PLANS INVESTMENT IN RUSSIA MINI-STEEL BILLETS MILL
March 1st, 2007
BY KEITH NUTHALLTHE EUROPEAN Bank for Reconstruction & Development (EBRD) is planning to lend Euro 140 million to Russia's second largest steel pipe producer to help it build a steel mini-mill able to produce annually 950,000 tones of billets for seamless pipes. This new mill, in Pervouralsk, Sverdlovsk region, said an EBRD memorandum, would help the CHTPZ Group "achieve vertical integration in seamless pipe segment, making it almost self-sufficient in billets for seamless pipe production." The new mill would replace the group's outdated open hearth furnaces ...
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