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.

Annual CAPEX, US$ million

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