26
Mar
16:41
NLMK to revise 2020 spending on Covid-19 disruption
NLMK Group says it is revising downwards its $1.1-1.2 billion 2020 capital expenditure programme due to increased volatility in the global market caused by the Covid-19 outbreak.
The revision is likely to result in certain expansion projects being postponed. NLMK says all major overhauls of primary steelmaking operations at its flagship Lipetsk steelworks scheduled for 2020 will still go ahead.
The group's cash and equivalents currently stand at $1.56 bi…
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Anonymous
Very good overview of the weekly steel market.
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