NLMK will reduce its annual capital expenditures by 30-40% - to $ 550 million.
Edited by Rhod Mackenzie / 2015-03-30 11:21:19
Finance Metals and mining Russia Financial results Novolipetsk Steel NLMK Russia Metals and Mining Iron ore Steel
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.
