investment

The total area of construction works in January-March decreased by 11.1% year-on-year

Company’s capital expenditures reached 77% of the EBITDA

Investments are planned to be made within two years

The reasons are tariff barriers and a potential cross-border carbon tax

The largest share of investments will be directed to the production of flat rolled products

The project has entered the final phase of construction since the beginning of the current year

The company's board of directors approved the allocation of funds for construction

The company also intends to increase steel production from 2.5 to 3.5 million tons in the short term

The company received the relevant permission

The iron ore segment will account for $17 billion of the total amount

The company will also consider investing in direct iron recovery technology under certain conditions

The company will develop requirements for the complex for the production of 4 million tons of steel products per year