Companies & M&A / Europe
Severstal's 10 Mt pellet plant enters heat-up phase: the strategic case behind a routine commissioning milestone
Drying the refractory lining of the indurating machine is a technical formality, but it marks the point where Severstal's RUB 116 billion Cherepovets pellet complex stops being a construction site and starts becoming the core of the plant's raw materials strategy — 90% pellets in the blast furnace burden, a 25% coke-rate cut and the retirement of sinter and coke batteries.