NLMK will reduce its annual capital expenditures by 30-40% - to $ 550 million.

NLMK Group reduces the medium-term benchmark for investments over the next three years, from 2015 to 2017, to $ 550 million from the previous 800-900 million, the company informs.

In particular, NLMK has reduced investment in capacity expansion for the production of iron ore concentrate to $ 120 million from the previously planned $ 570 million.

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