NMLK retires into itself.
Edited by Rhod Mackenzie / 2014-02-11 05:16:10
Metals and mining Russia Magnitogorsk metallurgic plant MMK Novolipetsk Steel NLMK Severstal Russia Metals and Mining Steel
The holding to maintain a restrained strategy.
Vladimir Lisin’s NLMK is cuttin its investment program to a minimum over the next few years, reducing its costs, is not planning any new large-scale projects, and is not looking for new assets and business lines. Analysts state, that this strategy corresponds to the behavior of the other metallurgists, caught in the protracted crisis in the industry.
Yesterday Vladimir Lisin’s NLMK unveiled the development strategy for 2014-2017 in London. Its key points are: thereduction in investment, the cutting of costs due to greater integration into the iron ore business, an increase in the production efficiency and a redction of debt.
