According to reports, the Russian mining and steelmaking company EVRAZ planned to postpone the projects for launching a casting and rolling complex at EVRAZ ZSMK plant and modernization of railway production at EVRAZ NTMK plant. The updated plan will be announced later.
Alexander Frolov, Chief Executive Officer of EVRAZ, said that considering the deterioration of the Russian steel market, the company management has rearranged the main development plans and project priorities.
Source from Yieh Corp |