Evraz Group S.A. shifted terms of start of the foundry and rolling module on ZSMK for 2026-2027

Evraz Group S.A. shifted terms of start of the foundry and rolling module on ZSMK for 2026-2027 since 2023 because of increase of risks of implementation of the project. The president of companies reported about it during a teleconference with journalists Alexander Frolov. "The big project on constructions the foundry and rolling module on ZSMK. We postponed this project while approximately to 3-4 years to the right", - he told. Alexander Frolov also added that in connection with market changes because of a pandemic Koronavirus in the next 2-3 years risks of the project became significantly higher. "From this point of view we prefer to wait and not to hurry with this project"...