The Russian company NLMK has acquired a 100 percent stake in CJSC Kaluga electric steelmaking plant in Russia from LLC Metallurgical Holding for around $19.8 million. The acquisition is expected to advance NLMK’s development of its long products division.
Since 2008, NLMK’s long products construction project has been self financed. When complete, the project, located in central Russia, will create a steel mini-mill plant that uses ferrous scrap as a raw material. The facility will include sophisticated environmental protection technologies.
The main Kaluga steel plant facilities – the EAF Shop and Rolling Shop - are currently under construction. The company hopes to have construction of the main shops’ building structures by the end of this year. When fully operational, the mill will have an annual capacity of one million tons per year of liquid steel, as well as long products and profiles.
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