# Severstal orders Korean compressor for Cherepovets steelworks air supply

Severstal has agreed to buy a Korean compressor for its Cherepovets Iron and Steel Works, with first deliveries scheduled for autumn 2019. The investment exceeds 500 million rubles and aims to cut electricity consumption.

- Type: Contract
- Announced: 2019-03-15
- Where: Cherepovets, Russia
- Value: $7.70M (500.0M RUB)
- Status: announced
- Products: air compressors
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Severstal](https://endata.com/companies/1170.md) (customer)

## Sources

- [metalukraine.com](https://metalukraine.com/2019/03/15/russia-severstal-concludes-agreement-for-compressor-supplies-for-chermk.html), 2019-03-15: "Severstal will buy a Korean compressor for Cherepovets Iron and Steel Works."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.