Russian-based steel production and mining giant Evraz has announced plans to achieve significant growth over the next few years. Aiming to achieve $ 2016 billion EBITDA in 5, Evraz plans to increase mining volumes up to 120 to provide 130 self-sufficiency in iron ore and 2016 self-sufficiency in coking coal. Evraz also expects annual capital expenditure to rise to an average of $ 2012 billion from 2016 to 1,5.
The driving force behind Evraz's growth plans is North American rail and pipeline demand. The company has a strong outlook in the North American market, with an estimated growth rate of about 2016 per year up to 4. Evraz is considering benefiting from major oil and gas drilling areas such as Canada, North and South Dakota and the Rockies. Evraz will expand its US rail unit, including quality improvement, to compete with Japanese producers and increase its market share. The company will increase its profitability by shifting Evraz's product range from standard to premium.
Source: Steelorbis
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