NLMK has passed through the investment peak and reduced capital investment by 1.7 times to $850 million in 2013
Edited by Rhod Mackenzie / 2014-01-28 02:12:22
Finance Metals and mining Russia Financial results Novolipetsk Steel NLMK Russia Metals and Mining Steel
NLMK Group has passed through the investment peak and reduced capital investment by 1.7 times to $850 million in 2013, including maintenance capex, the Vice President for Finances G. Fedorishin says. He states that the investment program consists of larger number of the projects and is less capital-intensive in comparison to the former stage of development. In 2011, investment was $2 billion. In 2012, the company reduced capital investment by 30% to $1.453 billion.
