Russia: Nornickel plans to start new stainless steel plant
Nornickel, a Russian mining and smelting giant, is strategically investing in a domestic stainless steel plant with a substantial 500,000 t annual capacity, led by Russia's RNK Holdings. The cold-rolling workshop is set to commence operations in 2025, followed by the hot-rolling workshop in 2026, and the electric steelmaking workshop in 2027, signaling a robust expansion plan.