Russian steelmaker Severstal has recently made headlines with its announcement of a substantial investment in its rolling mill for pipe production. The company has installed a new straightening press designed for steel sheets exceeding 100 mm in thickness, marking a significant advancement in its production capabilities. This investment amounts to over RUB 1 billion, which is approximately $10.39 million.
The new straightening press is a critical addition to Severstal's operations, allowing the company to better meet the needs of its customers in the mechanical engineering sector. By facilitating the production of thicker steel sheets, Severstal is positioning itself to fulfill specific orders that require high-strength materials, which are essential for various engineering applications.
This enhancement in production capacity is noteworthy. With the installation of the straightening press, Severstal anticipates an increase in its monthly production capacity by 2,000 metric tons, raising its total output to 8,000 metric tons per month. Such an increase not only boosts the company's efficiency but also enhances its ability to respond to market demands quickly.
A key benefit of this new equipment is that it will reduce Severstal's dependence on third-party companies for the straightening of sheets. Previously, the company relied on external suppliers for this process, which could introduce delays and additional costs. By bringing this capability in-house, Severstal aims to streamline its operations and improve overall productivity.
Severstal, founded in 1955, is one of Russia's largest steel producers and has established a strong reputation for quality and innovation in the industry. This latest investment is a testament to the company’s commitment to continuous improvement and its focus on meeting the evolving needs of its customers.
