Russian NLMK sees the 2020 capex at $750 million under the stressful market scenario.
Russian steelmaker NLMK said on Thursday that 2020 capital expenditures are at $750 million under a stressful market scenario, and the actual figure will depend on market conditions.
Earlier on Thursday, the NLMK announced that achieving financial stability amid market uncertainty caused by the coronavirus pandemic had lowered its investment forecast for the year.
NLMK chairman Grigory Fedorishin told investors during the conference call that another decision on capex discounts would be made in June.
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