skip to content

Company Events - Today's Events

EVRAZ starts blast furnace construction project

14 July 2016 08:21

EVRAZ (EVR) started a new blast furnace construction project.

A symbolic plate was laid into the foundation of the unit during a Steelworker's Day celebration ceremony.

EVRAZ vice-president Maxim Andriasov said: "We continue to invest in the development of our steel production in Nizhny Tagil, despite the unfavorable market situation.

"The construction of a new blast furnace No. 7 is an alternative to the halt of the blast furnace No. 6 for the first category repair.

"It will give us an opportunity to maintain the production of pig iron at EVRAZ NTMK at 5 million tons per year."

The volume of the new furnace will amount to 2,200 m³ with the production capacity of 2.5 million tonnes of pig iron per year.

The blast furnace will have two fully enclosed casting yards, automated systems of furnace filling and external cooling, high capacity aspiration systems and stoves.

Every tap spout near tap holes will be equipped with over-head exhaust hoods and efficient bag filters, which will improve air filtration by 2.5 times.

Upgraded design of the main slag discharge runner will prevent the leak of close-circuit water.

The introduction of the new technologies will help to significantly reduce the impact on the environment and will improve labor conditions in the blast furnace shop.

Currently, two blast furnaces No. 5 and No. 6 with effective volume of 2,200 m3 each are in operation at EVRAZ NTMK. Both are known as the most high-productive and efficient in Russia and in Europe.

The company's investments in the construction of the new blast furnace will not exceed $170 million, the bulk of investments is planned for 2017-2018.

At 8:21am: (LON:EVR) Evraz Plc share price was +3.15p at 164.65p

Story provided by StockMarketWire.com

Related Company: EVR

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

aew-banner-180x255.jpg

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.