15
Nov
14:17
MMK will continue to invest $900m/year until 2023
MMK will spend on its capital investment programme an average of $900 million per year starting from 2020 until 2023. Thereafter, investments will be scaled back, chairman Victor Rashnikov said at the steelmaker's annual capital investors day in London last Friday.
The investments will add around $686m to company Ebitda annually, and will have totalled $2.9 billion by 2025 when the ten-year programme comes to completion.
A number of key projects aime…
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Anonymous
Very good overview of the weekly steel market.
Anonymous