New rolling plant to be built in the south of the Russia

StavStal Company started of building of a metallurgical plant in Nevinnomysk industrial park (Kransnodar Kray). It plans to invest 3 bullion roubles (approximately $108.5 millons).

Launch the rolling mill with capacity of 350 thousand tons is planned for May, 2012. The plant  will produce rebar and wire rod.

Then the melt shop which will produce 500 thousand tons of steel billet in year (the building termination in January, 2013) will be constructed. The sales are planned to carry out through a network of metal service centers created in all regions of the Northest Kavkaz.