[Ferro-Alloys.com] 

Shewell Steel announced its 2012 investment plan, which totals about $1.35 billion, focusing on major projects in the steel and resources sectors. Of this amount ,$453 million was spent on the maintenance of existing production equipment; $42 million was spent on improving production safety systems, worker labor protection systems and developing environmental protection projects ;$124 million was spent on digital project investments, vigorously developing e-commerce and strengthening automated supply chain management.

For the steel business, Shewell Steel will invest a total of $785 million, of which $469 million will be spent on project development, including the department's current largest project No .11 coke oven group. The project was first debugged in December 2020 and is scheduled to complete full capacity by 2022.

Shewell Steel plans to invest about $524 million in the steel resources sector, of which $267 million will be spent on new resources projects. These investments will be used for the construction of steel recycling process technology centres and the development of CPT technologies to transport iron ore through dump trucks to reduce pollutant emissions from mining equipment. Shewell Steel will also maintain its project to increase production at the Yakovlevsky mine to reach 5 million tons of iron ore by 2023.

Sherwell Steel chairman Alexey Kulichenko said the 2021 investment plan will focus on project development to give its products a more significant long-term performance advantage when consuming the same basic resources as other products.