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Evraz Plans Key Investment Projects For 2021-26 To Secure EBITDA Growth Of Around $630 Mln

Steel company EVRAZ plc (EVR.L) Wednesday that for 2021-26 period, it is considering several key investment projects with the target to secure EBITDA growth in the amount of around $630 million.

The company is expecting the effect on EBITDA from the Steel segment's sales strategy execution to amount to around $300 million in 2026.

Average annual capital expenditures are expected to be around $1.0 billion per annum in 2021-2026. This includes plans to invest around $200 million in the environmental projects in 2022-2025.

EVRAZ will host its Capital Markets Day today, which will feature the presentation by EVRAZ executives.

The presentation will provide the status of the Potential Demerger of coal assets, an update on ESG targets and initiatives and steel business' growth strategy overview.

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