Russia's Severstal is running a modernization program at its Cherepovets steelmaking facility, which - though it may lead to short-term production cuts - will help it raise its annual steel output by 1 million tonnes by 2023.
Several sources have reported that the major mill had scheduled a two-week maintenance for its 2-million-tonnes-per-year hot-rolling mill in October. They estimated that this would reduce its hot-rolled coil output by 70,000-80,000 tonnes.Severstal is also planning to continue the modernization of its Mill-2000, a 6-million-tpy hot-rolling line. The mill finalized the first stage of the process in early September, and is...