Prudent capex
In 2020, EVRAZ invested a total of US$657 million in CAPEX, of which US$458million was spent on maintenance projects and US$199million on development projects. Development investments grew by 9.9% year-on-year, mainly as a result of an increase in spending on EVRAZ Pueblo’s long rail mill project.
Key projects
| Long rail mill at EVRAZ Pueblo | Effect: 630 ktpa of rails with a maximum length of 100 metres | CAPEX 2020 ~US$ 46 million | Status: active |
| Rail and beam mill modernisation at EVRAZ NTMK | Effect: 481 ktpa of high value-added products (H-beams, sheet piles and HH rails) instead of semi-finished products | CAPEX 2020 ~US$ 2 million | Status: active |
| Tashtagol iron ore mine upgrade | Effect: increase the annual ore production of the Tashtagolsky deposit with a partial switch to sublevel caving using mobile equipment | CAPEX 2020 ~US$ 24 million | Status: active |
| Sobstvenno-Kachkanarsky deposit greenfield project | Effect: maintain production of raw iron ore | CAPEX 2020 ~ US$ 13 million | Status: active |
| Acquisition of equipment at Osinnikovskaya mine | Effect: Acquisition of equipment fully compliant with mining and geological conditions to provide the projected longwall load on a monthly basis. | CAPEX 2020 ~US$ 19 million | Status: completed |
| Blast furnace No. 6 major overhaul at EVRAZ NTMK | Effect: reconstruction of blast furnace No. 6 with a planned capacity of 2.5 mtpa | CAPEX 2020 ~US$ 80 million | Status: completed |