NLMK to increase investments in Ural subsidiaries
In the current year, Russian steelmaker NLMK plans to increase investments in its Ural subsidiaries by 2.5 times compared to the previous year to RUB 3.5 billion ($119.5 million), as stated by director of NLMK-Ural, Valeriy Shevelev. The investments in question will be directed towards the development of new steel production technology and the implementation of environmental projects.