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07 Jun
15:27

Severstal to develop reduced-emission steel with state support

Russian steelmaker Severstal, Russia’s Ministry of Industry and Trade and the Vologda Region have entered into a special investment contract (SPIC 2.0) until 2043, Kallanish notes. Under the contract, Severstal will commission technology for the production of high-quality steel with a low carbon footprint in the Vologda region, at its Cherepovets Metallurgical Plant (CherMK). Investment from the company will amount to more than RUB 97 billion ($1.1 billion).…
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