NLMK slashes 2014-17 iron ore capex plan by $610m

Russian steelmaker Novolipetsk Steel (NLMK) has revised downward its iron ore capital expenditure plan for 2014-17, ceo Oleg Bagrin said on Monday March 30.

NLMK has cut its four-year capex plan for iron ore projects to $720 million, from the $1.33 billion target set in February 2014, when spot iron ore prices still stood...


Nina Nasman

March 31, 2015

14:53 GMT