Severstal has launched the first stage of the new 170 long-range mill at the site of the Cherepovets Metallurgical Combine. Construction of the mill, worth ₽15 billion, is one of Severstal's largest investment projects. New unit will make it possible to bring to the market unique types of products in demand in the Russian automotive industry. After the commissioning of the second production line, the mill's capacity will be 900 thousand tons of rolled products per year.