Russian steelmaker Metalloinvest will build a terminal for the transfer of hot-briquetted iron (HBI) and iron ore pellets at the port of Ust-Luga, the largest and deepest port on the Baltic Sea, in response to growing demand.
Ust-Luga lies west of St Petersburg, on the southern shore of the Gulf of Finland, close to the Russian border with Estonia."Metalloinvest aims to satisfy the growing global demand for [HBI and iron ore pellets]. The construction of a new terminal in Russia on the Baltic Sea will strengthen the company's...