NLMK to revise 2020 capex downwards amid pandemic

摘要

London—Russian mining and steel company NLMK will cut its 2020 capital expenditures amid challenges posed by the coronavirus pandemic, the company said Thursday. Due to increased volatility on global markets associated with the outbreak, NLMK is withdrawing its previously issued guidance on 2020 capex program of $1.1 billion-$1.2 billion for a downward revision, it said in a statement.