Despite crisis, Russian metal companies Evraz, Severstal and MMK, accounting for over 50% of steel output in the country, do not intend to decrease investments.
In particular, next year Severstal will spend 1.7 billion rubles on investments, up by 23% YoY.
Evraz will increase its annual investments to $1 billion in 2020-2023 from the previous plan of $830 to $990 million in 2019-2022.
And MMK will invest up to $0.9 billion annually until 2023. (Ukrainian metal)