Severstal announces a 43 billion rubles investment program for 2017.
The investment program of Severstal Russian Steel will total 26 billion rubles, with 12.1 billion to be spent on development, 13.9 billion – on maintenance of the existing capacities and the improvement of the security system. Some 1.7 billion rubles will go to IT-initiatives implementation.
In 2017 Severstal will invest 17 billion rubles in its resource enterprises, with 8.4 billion in development and 8.6 billion in current capacities. (Ukrainian metal)