en.Wedoany.com Reported - Russian steelmaker Severstal has recently announced that it will complete construction and commission a new electric arc furnace (EAF) integrated steelmaking facility in Cherepovets by the spring of 2026. According to data released by the company, the total investment for this project amounts to 132.2 billion rubles, representing a 7.3% increase compared to the planned investment for 2025.

This new facility covers the entire process from hot metal smelting to continuous casting of billets. Once operational, it will meet approximately 85.9% of Severstal's steelmaking needs, while boosting the company's total crude steel production capacity by 9.2%, with annual output expected to reach 13.81 million tonnes. The Head of Severstal's Resource Asset Management Department emphasized at a regional parliament meeting: "Building our own EAF capacity is a key step for the company to reduce its dependence on purchased slabs for flat product manufacturing. Our goal is to achieve a 95% self-sufficiency rate for finished steel products, and ultimately realize complete self-sufficiency."

In tandem with the capacity expansion, Severstal's Cherepovets Steel Mill (also known as CherMK) recorded an 8% year-on-year increase in both pig iron and crude steel output. This improvement was primarily driven by the No. 5 and No. 7 coke oven batteries (in the pig iron process) and the No. 2 continuous caster (in the crude steel process), which were commissioned in 2025. The launch of this new equipment has supported the company in stabilizing shipments of metal products against a backdrop of favorable market conditions.

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