November 23, 2012
Evraz Group allocated $76 million for a new project of Canadian Division
Evraz Group constantly increases production of pipes in Canada. 76 million dollars are allocated for the new project of North American division, Evraz Regina Steel and Tubular. It is known that Evraz Group is the world leader and one of the largest producers of steel products today. The company also manufactures wide list of vanadium products. Last year alone, the company Evraz Group produced 16.8 million tons of steel. The company management plans to increase production volume by more, than 2/3 of the previous output in the nearest future. According to analysts` estimates, the increase of production in this division is dictated solely by increased demand for product. Since demand exceeds offers in the metallurgical market, selling of steel pipes and other products to the main consumers will allow to pay back investments and expenses in the short term.
|