Russian mining company,
) announced that it has completed the construction of a
grinding-mixing complex to produce cement. The complex with an
annual capacity of 1.6 million tons was built in Chelyabinsk
Metallurgical Plant's industrial zone. The company invested
$174.4 million in the project.
The complex is the first such facility in Russia which was
built up to modern European standards. Vertical roller mills
installation will help it to achieve a maximum level of
disintegration-grinding down to 4500-6000 Blaine fineness, which
ensures cement strength and hardening rate. The complex houses
the necessary equipments that are environmental friendly so that
dust emission is maintained at extremely low levels.
Mechel has completed the startup and commissioning works at
the plant and has started on guarantee tests for its equipment.
Mechel has constructed the complex so that it can utilize the
blast furnace slag from the Chelyabinsk Metallurgical Plant for
producing high-quality cement.
The blast furnace slag cement is used in constructing above
and underground structures that are exposed to aggressive
environments, in building hydro power stations, ferrous
metallurgy and heavy industry facilities. It is also used in
making wall blocks, concrete mixes, construction mortars and dry
Mechel is a leading domestic steel and coal producer with a
strong position in key businesses, including production of
specialty steel and alloys. The company has the largest coal
reserve base in Russia and is mainly focusing on growth and
Mechel currently retains a short-term Zacks Rank #4
Other companies in the steel industry with favorable Zacks
Nippon Steel & Sumitomo Metal Corp.
Companhia Siderurgica Nacional
Shiloh Industries Inc.
). All of them hold a Zacks Rank #1 (Strong Buy).
MECHEL OAO ADS (MTL): Free Stock Analysis
NIPPON STEEL CP (NSSMY): Get Free Report
SHILOH INDS INC (SHLO): Get Free Report
CIA SIDERUR-ADR (SID): Free Stock Analysis
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