Vladimir Putin has called for Evraz to return to Yakutia project

Vladimir Putin has called for the company to return to the project in Yakutia.

The revival of the metallurgical market, which has allowed many Russian steelmakers return to profit, can lead to problems for Evraz. Vladimir Putin has clearly reminded the company of its commitment to build a plant costing $ 4 billion in Yakutia. Evraz’s co-owner has agreed to "take another look" at the project, but he still can not see the prospects of it, and analysts agree.

Yesterday at a meeting on state and priority investment areas in the Far East the RF President, Vladimir Putin asked Alexander Abramov, the head of the board and co-owner of Evraz, to return to the project of the building of a steel plant in Yakutia based on the iron ore deposits of JSC "MMC "Timir"" (Evraz owns 51%, ALROSA – 49% minus 1 share).