The largest blast furnace at the Cherepovets plant was stopped for repairs

The largest blast furnace at the Cherepovets plant was stopped for repairs

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Severstal (MOEX: CHMF) announced a shutdown for major repairs of the first category of blast furnace No. 5 “Severyanka” at the Cherepovets Metallurgical Plant (CherMK). The company clarified that the overhaul will allow us to get closer to the goal of reducing carbon dioxide emissions into the atmosphere by 10% by 2030 from 2020 levels.

“The main task of the first-class overhaul, in which we are investing 37 billion rubles, is to ensure high reliability and productivity of a strategically important facility, on which both our production volumes and the cost of production depend,” reports TASS words of Severstal General Director Alexander Shevelev.

Mr. Shevelev clarified that a stock of steel slabs and billets will help minimize production losses during a blast furnace shutdown. Product shipment volumes and order execution schedules, he said, will be maintained.

Acting Governor of the Vologda Region Georgy Filimonov reportedthat on March 7, a drone fell on the territory of the enterprise in the area of ​​blast furnace No. 5. Severstal clarified that the stop of Severyanka was not related to the UAV attack.

Severyanka is the largest cast iron production enterprise in Russia. Its productivity is 4.2 million tons of cast iron per year.

Read more about the export of Cast Iron in the text of Kommersant. “Asian steel has taken over Europe”.

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