Reportedly, Russian steelmaker Novolipetsk Steel (NLMK) announced that the company planned to increase its rebar market share to 23% in 2015 from 17% in 2012.
It also planned to secure a 12% share in the light sections market with expanding of its new steelworks plant.
Meanwhile, the company expects to occupy one third which was 40% of the needs of the country's construction long products consumption in Russia's central federal region.
It estimated that the company's shipment is likely to reach of long products by 2.85% in 2015.
For the upgrading project, it will include the new NLMK Kaluga mini-mill which is expected to commission in the second quarter of 2013.
In the meantime, the company has also decided to pend of its billet casting project which are able to produce 200mm and design rolling annual production capacity to 1.55 million tons respectively.