Cherepovets Steel Mill
RU EN

Severstal and McKinsey to evaluate production efficiency of basic oxygen steel at the Cherepovets Steel Mil

October 20, 2017

The Cherepovets Steel Mill (“CherMK”), one of world’s largest integrated steel producers and part of the Russian Steel division of OAO Severstal, one of the world’s leading steel and steel-related mining companies, today announces the launch of a project in conjunction with McKinsey, the  global consultancy, to improve efficiency of basic oxygen steel production.

Sergey Toropov, CEO of Severstal Russian Steel, commented: “Our steelmaking business is where we achieved the greatest cost efficiency progress in 2013; we  were able to save more than 2 bln rubles across our steel units, twice as much was achieved in 2012. We are continuing to deliver efficiency enhancements and  achieving our goal of being the most efficient steel producer amongst our  peers. Severstal is well equipped to achieve this  goal having maintained its  position as a leader in copper production costs for two consecutive years.”

The company will make a comparative analysis of CherMK’s current basic oxygen steel production performance indicators against industry best practices. The results will highlight areas for improvement and the company will identify key initiatives to enhance its processes.  

McKinsey are already processing primary data. Once the results are  available, a set of recommendations will be made to improve the efficiency of  basic oxygen steel production.

CherMK specialists from different departments including costs, maintenance, quality, power engineering and HR are working on the project alongside McKinsey consultants.

Severstal News
January 19, 2018

PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world’s leading vertically integrat¬¬ed steel and steel-related mining companies, today announces its operational results for Q4 2017 & FY 2017.

December 29, 2017

PAO Severstal, one of the world's leading vertically integrated steelmaking and mining companies, has launched a production line for polymer coated rolled steel products at Cherepovets Steel Mill Metal Coating Workshop number 3 (“MCW#3”).

December 20, 2017

Alexey Mordashov, the Chairman of the Board of Directors of PAO “Severstal” and the Company’s leadership team visited production departments of the Yakovlevsky mine, and approved next year’s business plan , while meeting employees of the plant.

November 29, 2017

Alexey Mordashov, Chairman of the Board of Directors of Severstal, one of the world's largest vertically integrated steel and mining companies, has been named Chairman of the Board of Directors: development of corporate governance at the Director of the Year Awards.

November 29, 2017

PAO Severstal, one of the world’s leading vertically integrated steel and steel-related mining companies, and Nord Gold SE, the internationally diversified gold producer, announce that they presented at the 2017 UN Forum on Business and Human Rights on November 27−29 in Geneva.

Archive
© 2009 - 2018 Severstal Sitemap
Developed by Fractalla Design