Russia: metal companies not to cut investments
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…