Mass Media Overview
Severstal’s investment program to total $1.69 bln in 2025
05.02.2025 16:01
https://tass.com
3 Feb, 2025
This brings the increase in the company’s investment program in 2025 to almost 43% compared with the previous year
MOSCOW, February 3. /TASS/. Severstal plans investment at 169 bln rubles ($1.69 bln) in 2025, the steel and mining company reported.
In particular, it is planned to allocate 81 bln rubles for maintaining existing capacities, and another 70 bln rubles may be spent on development projects, Severstal said. This brings the increase in the company’s investment program in 2025 to almost 43% compared with the previous year.
Severstal is a vertically integrated steel and mining company and one of Russia’s largest steel producers. The Cherepovets Steel Mill is the company’s key asset. Its production capacity roughly totals 12 mln metric tons of steel per year.