Nornickel Joins RNK-Holding in Stainless Steel Plant Project in Russia

Strategic Collaboration for Stainless Steel Production

Nornickel, the Russian mining and metals giant, has announced its participation in a project led by RNK-Holding to build a plant for stainless steel products in Russia. This collaboration marks a significant step for Nornickel in expanding its domestic market presence.

Project Details and Production Goals

The facility, located in the Volgograd region, will focus on producing high-quality hot-rolled and cold-rolled flat stainless steel products. The plant aims for an annual production capacity of up to 500,000 metric tons. The project schedule includes the opening of the cold-rolling shop in 2025, the hot-rolling shop in 2026, and the electric steelmaking shop in 2027.

Enhancing Nornickel's Market Position

By joining this project, Nornickel intends to increase its domestic nickel sales and integrate further into the production of deep conversion products in the steel and alloys sector. This move is expected to strengthen Nornickel's position in the Russian metals market and contribute to the country's industrial development.