Evraz will increase the capital investments program for 2019-2022 to $830-990 million, while since 2014 it has already invested more that $660 million.
It is planned to carry out projects worth $1.5 billion, and spend $500 million a year on the maintenance.
In particular, the modernization of rail manufacture at Evraz Rocky Mountain Steel (USA) valued at $480 million will allow producing 25-m rails and increasing capacity from 530 thousand tons per year to 600 thousand tons.
For $490 million Evraz will build a mill at ZSMK to produce 2.5 million tons of cold- and hot-rolled flat metal with the thickness of 1.2-25 mm and the width of 900-1600 mm per year.
1 million tons will be exported to Asia, and the rest sold in Siberia and the Urals. (Ukrainian metal)