Severstal and Rutgers Group lainched joint venture
Severstal and Rutgers Group (Belgium) announced a new joint venture: Rutgers Severtar.
The Rutgers Severtar facility will be built in place of the old coal-tar processing unit at Cherepovets Steel Mill’s coke production plant. Rutgers Group will own 65.3% of the facility, Severstal 34.7%.
The new facility has been developed with a number of technical improvements: its hi-tech equipment will process coal-tar (the by-product of coke production) more efficiently and with ...