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Modern electric-furnace steelmaking (billets production) for the purpose of subsequent rolling thereof into finished rolled products.
Design specifications and estimates for the project have been completed; the Works construction project has been approved by the Federal Institution of Central Office for State Expertise (Moscow); ownership of a land lot has been acquired; a construction permit has been obtained from the Ministry of Russian Far East Development; negotiations with the Far East and Baikal Region Development Foundation for financing are under way; independent expert examination for market assessment is under way.
3rd quarter of 2017 – Beginning of the investment stage of the project (construction and assembly work, equipment delivery and installation);
2nd quarter of 2019 – Beginning of operations stage (start up of production);
4th quarter of 2019 – Reaching the project capacity.
PSEDA resident’s incentives and preferences
The Works requirement for scrap metal is fully covered by TOREX Company in the amount of 350,000 tons per year.
Energy and transport infrastructure for the project is available./p>