9,031.82 TRY BIST 100 BIST 100
4.79 CNY CNY CNY
34.49 USD USD USD
36.47 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
42.50 TRY Interest Interest
72.97 USD Fossil Oil Fossil Oil
31.21 USD Silver Silver
31.21 USD Copper Copper
99.42 USD Iron Ore Iron Ore
365.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,945.15 TRY Gold (gr) Gold (gr)

Severstal takes first steps towards creating environmentally friendly steel

Severstal plans to reduce 96 thousand tonnes of emissions per year.

Severstal takes first steps towards creating environmentally friendly steel

Severstal, one of Russia's major steel companies, has announced ambitious plans to reduce emissions. Following the decommissioning of sintering machines at the Cherepovets Steel Mill (CherMK), it is planned to significantly reduce emissions by 96 thousand tonnes per year.

The first phase of the project began on 8 May with the shutdown of three sintering machines at the plant. This step was approved by environmental authorities, deputies, environmental activists, as well as company employees.

Evgeny Vinogradov, General Director of Severstal Russian Steel, emphasised that this step is an important step in the company's strategy to create an environmentally friendly steel production chain. Vinogradov also noted that a new $1 billion iron ore pellet complex is under construction, which will reduce emissions by 30% compared to 2017 levels and reduce greenhouse gases by two million tonnes per year.

The company's plans for 2026 include the closure of seven of the eight sintering machines at CherMK. The remaining unit will be redirected to produce iron flux from metallurgical waste.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

HRC prices decline from China to Middle East

Thursday, November 21, 2024

Global steel market turmoil: Insights from Keyvan Jafari Tehrani

Thursday, November 21, 2024

EU construction decreased in september

Thursday, November 21, 2024

Europe's period of economic stagnation

Thursday, November 21, 2024

Taiwanese company Feng Hsin has reduced this week's prices

Thursday, November 21, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now