Prudent CAPEX

The Group’s new investment projects are aimed at further developing its competitive advantages, while maintenance investments are focused on supporting the sustainability of EVRAZ operations. New investment opportunities will be focused on the development and diversification of the steel product portfolio in Russia and North America.

In 2019-22, EVRAZ expects its annual investment expenditures to be in the range of US$800-990 million

Annual CAPEX, US$ million

Key projects with CAPEX > US$100m

Projects under analysis

Integrated flat casting and rolling facility at EVRAZ ZSMK.

2.6 mtpa of premium 1.2mm-25mm flat products instead of slabs and billets.

TOTAL CAPEX:
~US$490m
Term:
2019-2022

Long rail mill at EVRAZ Pueblo.

600 ktpa of 100-metre rails. Current mill shut down.

TOTAL CAPEX:
~US$480m
Term:
2019-2022

Rail and beam mill modernisation at EVRAZ NTMK.

230 ktpa volumes of beams and 50 ktpa of sheet pipes, new types of rails instead of billets.

TOTAL CAPEX:
~US$215m
Term:
2019-2021

Continuous casting machine 5 at EVRAZ NTMK.

460 ktpa of cast pipe blanks to domestic market instead of billets.

TOTAL CAPEX:
~US$120m
Term:
2019-2021

Projects on the realisation stage

Blast furnace No. 6 major overhaul at EVRAZ NTMK.

Reconstruction of 2.5 mtpa blast furnace 6. After the project, the blast furnace 5 will shut down.

TOTAL CAPEX:
~US$150m
Term:
2019-2021

Tashtagol iron ore mine upgrade.

Increase Tashtagol mining volumes to 3.25 mtpa.

TOTAL CAPEX:
~US$108m
Term:
2018-2019

Realised projects in 2018

Construction of the blast furnace No. 7 at EVRAZ NTMK.

New 2.5 mtpa blast furnace 7 with better productivity and energy efficiency. Launched in Q1 2018.

TOTAL CAPEX:
~US$204m
Term:
2016-2018