Russia: Severstal to invest 56 billion rubles in Russian Steel
This year Severstal will invest 56.6 billion rubles in the development of the Cherepovets Iron and Steel Works and other Severstal Russian Steel manufacturing assets. Some 75% of the funds, or 42.7 billion rubles, will account for development projects. The largest of them are the construction of a new blast furnace No. 3 “Cherepovchanka” and…
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