Evraz will increase its capital investments in 2020-2023 from $850 in 2019 to $1 billion per year.
The list of main investment project will not change.
The main projects are modernization of the rail and beam mill at Evraz NTMK, construction of flat rolled metal manufacture at Evraz ZSMK and the new line to produce 100-meter rails at the plant in Pueblo, USA.
With the help of the project by 2024 the sales in Russia will have increased from 5.4 million tons to 8.4 million tons, and steel sales in 5 years will have grown from 9.9 million tons to 10.7 million tons.
American division is expected to increase sales from 2.3 million tons to 2.6 million tons, while large-diameter pipe and rail sales will reach 0.8 million tons in 2019 and in 5 years – 1 million tons. (Ukrainian metal)
